Why do boards of directors of both acquiring and target companies often obtain so-called fairness opinions from

Question:

Why do boards of directors of both acquiring and target companies often obtain so-called "fairness opinions" from outside investment advisors or accounting firms? What valuation methodologies might be employed in constructing these opinions? Should stockholders have confidence in such opinions? Why/why not?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: