Sell-Side Fairness Opinion


Summary

This template Sell-Side Fairness Opinion would be provided by an investment bank to the board of directors of a public company target of an acquisition. In this template opinion, an investment bank formally states its conclusion that the consideration in an M&A transaction is fair, from a financial point of view, to the target's shareholders. This template contains practical guidance and drafting notes. The opinion includes certain default assumptions the investment bank made in reviewing the acquisition, disclaimers about the scope of its review, and disclosures of the investment bank's relationships with the target, the buyer, and their respective affiliates. For additional information regarding the purposes and content of fairness opinions, related financial analyses, and disclosure considerations, see Fairness Opinions in Mergers and Acquisitions. This template fairness opinion assumes that the transaction to which it relates is a reverse triangular merger in which the ...