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In this newly updated edition of Business Valuation: Discounts and Premiums, Shannon Pratt brings together the latest collective wisdom and knowledge about all major business discounts and premiums.

Addressing the three basic approaches to conducting a valuation-the income approach, the market approach, and the asset approach-Shannon Pratt deftly and logically details the different discounts or premiums that may be applicable, depending on the basic valuation approach used, and how the valuation approaches used affect the level.

This updated edition features timely, comprehensive coverage on:

Strategic acquisitions

Extensive empirical data

Pre-IPO marketability discount studies

M&A negotiations, empirical evidence from completed transactions, and positions taken by courts in litigations

Strategic acquisition premiums

Studies on minority discounts