Fairness Opinions: How Fair are They and What Can Be Done About it?
34 Pages Posted: 28 Dec 2003 Last revised: 10 May 2009
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.
Keywords: Investment bankers, fairness opinions, takeovers, freezeouts, corporate governance, conflict of interest, professionals
JEL Classification: G24, G30, G34, K22
Suggested Citation: Suggested Citation