Yukon Court Awards Premium in Fair Value Determination—A Comment on Carlock v. ExxonMobil Canada Holdings ULC

Business Valuation UpdateVol. 25 No. 6
June 2019
M&A valuations
fair value, mergers and acquisitions (M&A), statutory appraisal, fairness opinion

Summary

This case should resonate with all valuation experts involved in M&A work. The court labeled the fairness opinion as “inadequate,” emphasizing that the financial advisor was entitled to a “success fee.” The court also pointed to the lack of disclosure of the analysis underlying the advisor’s conclusion.