Stale Fairness Opinions in Related Party Transactions Should Be Updated

Business Valuation UpdateVol. 24 No. 9
September 2018
Gilbert E. Matthews, MBA, CFA
statutory appraisal action
fair value, dissenting shareholder, statutory appraisal, fairness opinion

Summary

It is common practice for proxy statements to contain fairness opinions that are dated weeks (or months) prior to the mailing date. Typically, they are not reviewed in the interim, which can be a problem.