Do Fairness Opinions Adequately Address Fairness to Shareholders?

Business Valuation UpdateVol. 29 No. 10
October 2023
Gilbert E. Matthews, MBA, CFA
M&A valuations
mergers and acquisitions (M&A), fairness opinion, Special Purpose Acquisition Companies (SPACs)


This article concludes that opinions that speak to fairness of an acquisition to a SPAC are inadequate when they do not consider the impact on unaffiliated shareholders.