Fairness Opinions: How Fair are They and What Can Be Done About it?
Lucian A. Bebchuk
Harvard Law School; National Bureau of Economic Research (NBER); European Corporate Governance Institute (ECGI)
New York University School of Law; European Corporate Governance Institute
Duke Law Journal, Vol. 27, pp. 27-53, 1989
Harvard Law and Economics Discussion Paper No. 50, 1988
Fairness opinions are a regular feature of every major corporate transaction. We analyze the conflict of interest problems that afflict fairness opinions and the extent to which courts should give weight to such opinions.
Number of Pages in PDF File: 34
Keywords: Investment bankers, fairness opinions, takeovers, freezeouts, corporate governance, conflict of interest, professionals
JEL Classification: G24, G30, G34, K22Accepted Paper Series
Date posted: December 28, 2003 ; Last revised: May 10, 2009
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