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Posted On: 03/31/2017 9:55:28 AM
Post# of 30067
Any investment into AMBS or AVDX must be accompanied by a fairness opinion.
Houlihan Lokey is the leader in giving these. This is from their website:
"A fairness opinion, by definition, is a letter prepared by an experienced investment banker or business appraiser, which states whether or not a transaction – from a financial point of view – is fair. The fairness opinion speaks to the fairness of the financial terms of a transaction, as of a specific date, and given a set of assumptions. In this context, “Fairness” parallels the notions of unbiased, impartial, and just. As denoted by the colloquial term “fair play” or the business phrase “an arm’s length transaction,” a fairness opinion represents whether a deal is fair to shareholders, particularly a company’s minority shareholders, all material matters and circumstances considered. "
It will be interesting to know what "assumptions" will be used. But I assume the fairness opinion will be at a value higher than $0.06 a share. How much higher? Who knows.
Houlihan Lokey is the leader in giving these. This is from their website:
"A fairness opinion, by definition, is a letter prepared by an experienced investment banker or business appraiser, which states whether or not a transaction – from a financial point of view – is fair. The fairness opinion speaks to the fairness of the financial terms of a transaction, as of a specific date, and given a set of assumptions. In this context, “Fairness” parallels the notions of unbiased, impartial, and just. As denoted by the colloquial term “fair play” or the business phrase “an arm’s length transaction,” a fairness opinion represents whether a deal is fair to shareholders, particularly a company’s minority shareholders, all material matters and circumstances considered. "
It will be interesting to know what "assumptions" will be used. But I assume the fairness opinion will be at a value higher than $0.06 a share. How much higher? Who knows.
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