1
Poll shows Ugandans doubt fairness of 2016 polls
Poll shows Ugandans doubt fairness of 2016 polls
DATE: 2015/03/20::
2
Voting Isn
Voting Isn't Real, Just the Rigging of the Opinion of Fairness
DATE: 2015/03/19::
3
OTES Rant #1 Fairness of Student Growth Measures in Ohio
OTES Rant #1 Fairness of Student Growth Measures in Ohio
DATE: 2014/07/29::
4
"Fairness Doctrine" = Unfair = censorship
"Fairness Doctrine" = Unfair = censorship
DATE: 2008/02/21::
5
Review - Nivea Natural Fairness Skin Care Range
Review - Nivea Natural Fairness Skin Care Range
DATE: 2014/12/25::
6
Poet Presentation Part 1
Poet Presentation Part 1
DATE: 2013/03/03::
7
Microeconomics - 83: Fairness and Rent Ceilings
Microeconomics - 83: Fairness and Rent Ceilings
DATE: 2012/01/14::
8
Ambassador Chaudhry
Ambassador Chaudhry's Video Response to Andrei from Ungheni
DATE: 2010/07/30::
9
Will Hutton on fairness
Will Hutton on fairness
DATE: 2011/03/24::
10
Send in the Worms!! - Head2Head plays Worms
Send in the Worms!! - Head2Head plays Worms
DATE: 2014/10/29::
11
Obama
Obama's Speech On Fairness, Fair Share, Income Inequality Vs Milton Friedman
DATE: 2011/12/08::
12
Freedom or Fairness?
Freedom or Fairness?
DATE: 2009/02/26::
13
Finally Fast Review - Now With 100% More Fairness
Finally Fast Review - Now With 100% More Fairness
DATE: 2011/08/16::
14
Fairness For Victims Act
Fairness For Victims Act
DATE: 2011/03/31::
15
Where
Where's The "Fairness"? Debate Over The Fairness Doctrine!
DATE: 2009/02/08::
16
Deputy Legislative Speaker Hung Hsiu-chu begins two days of public opinion polls
Deputy Legislative Speaker Hung Hsiu-chu begins two days of public opinion polls
DATE: 2015/06/14::
17
Instant Fairness Face Packs at Home Naturally
Instant Fairness Face Packs at Home Naturally
DATE: 2014/07/23::
18
The Value of a Brand in M&A
The Value of a Brand in M&A
DATE: 2014/05/15::
19
Dr. Devendra Opinion and health tips on jaundice
Dr. Devendra Opinion and health tips on jaundice
DATE: 2014/06/19::
20
Obama
Obama's Definition of Fairness
DATE: 2012/10/02::
21
Media Fairness Caucus: National Media Ignore President
Media Fairness Caucus: National Media Ignore President's Lowest-Ever Approval Rating
DATE: 2010/05/27::
22
Michael Howard on child benefit cuts (13Oct10)
Michael Howard on child benefit cuts (13Oct10)
DATE: 2010/10/13::
23
Capuchin monkeys reject unequal pay
Capuchin monkeys reject unequal pay
DATE: 2012/12/15::
24
NIVEA Natural Fairness
NIVEA Natural Fairness
DATE: 2015/03/30::
25
Arthur Brooks: How to win the fairness fight
Arthur Brooks: How to win the fairness fight
DATE: 2012/04/11::
26
Lord President Brian Gill warns Scottish Parliament against removal of corroboration
Lord President Brian Gill warns Scottish Parliament against removal of corroboration
DATE: 2013/12/02::
27
Monica Crowley radio tirade slams stimulus package
Monica Crowley radio tirade slams stimulus package
DATE: 2009/02/19::
28
Roxy Fairness Backpack - Women
Roxy Fairness Backpack - Women's
DATE: 2013/08/05::
29
The Universal Declaration of Human Rights
The Universal Declaration of Human Rights
DATE: 2010/12/26::
30
Roxy Fairness Backpack  SKU:#8125256
Roxy Fairness Backpack SKU:#8125256
DATE: 2013/05/30::
31
Opinions & Values. A discussion on strong opinions and how to know what your personal values are.
Opinions & Values. A discussion on strong opinions and how to know what your personal values are.
DATE: 2013/11/22::
32
Pakistani media on fairness of Delhi election
Pakistani media on fairness of Delhi election
DATE: 2015/02/11::
33
Warren Buffett on the Value of Currencies, What Rich People Can Do and Economic Fairness
Warren Buffett on the Value of Currencies, What Rich People Can Do and Economic Fairness
DATE: 2015/04/27::
34
David Icke Dot Connector 2013.
David Icke Dot Connector 2013.
DATE: 2013/12/27::
35
best fairness cream in india
best fairness cream in india
DATE: 2013/10/09::
36
DrayTek AP-900 Airtime Fairness Introduction
DrayTek AP-900 Airtime Fairness Introduction
DATE: 2015/01/27::
37
Georgia teacher tells students their parents aren’t Christians if they voted for Obama
Georgia teacher tells students their parents aren’t Christians if they voted for Obama
DATE: 2015/04/05::
38
Real Reviews: Fairness Face Wash: Will Olay, Ponds or Fair & Lovely Convert This Fairness Skeptic?
Real Reviews: Fairness Face Wash: Will Olay, Ponds or Fair & Lovely Convert This Fairness Skeptic?
DATE: 2012/10/03::
39
Nandita Das about the Dark is Beautiful Campaign
Nandita Das about the Dark is Beautiful Campaign
DATE: 2013/05/17::
40
Airtime Fairness
Airtime Fairness
DATE: 2012/01/17::
41
Week 4-1 Lecture: Fairness (Part 2)
Week 4-1 Lecture: Fairness (Part 2)
DATE: 2015/04/24::
42
Week 4-1 Key Lessons: Fairness
Week 4-1 Key Lessons: Fairness
DATE: 2015/04/24::
43
The Sleeping Beauty - Carabosse (Male performer vs. Female performer)
The Sleeping Beauty - Carabosse (Male performer vs. Female performer)
DATE: 2015/05/22::
44
US beginning to
US beginning to 'disengage' from Israel
DATE: 2014/10/31::
45
Is Ouya a "Success"? Does Windows 8.1 Fix Anything? Why MySpace is Cool Again.
Is Ouya a "Success"? Does Windows 8.1 Fix Anything? Why MySpace is Cool Again.
DATE: 2013/06/30::
46
Greeks deeply divided heading into crucial vote
Greeks deeply divided heading into crucial vote
DATE: 2015/07/04::
47
UHIP Horror Stories
UHIP Horror Stories
DATE: 2014/03/25::
48
PAISTE PST 7 * CYMBAL REVIEW & COMPARISON WITH 505, PST 5 & 2002
PAISTE PST 7 * CYMBAL REVIEW & COMPARISON WITH 505, PST 5 & 2002
DATE: 2014/04/24::
49
Prop 8 Unconstitutional: The Highlight Reel
Prop 8 Unconstitutional: The Highlight Reel
DATE: 2012/03/08::
50
Sen Barbara Mikulski (D-MD) on defeat of Paycheck Fairness Act
Sen Barbara Mikulski (D-MD) on defeat of Paycheck Fairness Act
DATE: 2012/06/05::
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RESULTS [51 .. 101]
From Wikipedia, the free encyclopedia
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A fairness opinion is a professional evaluation by an investment bank or other third party as to whether the terms of a merger, acquisition, buyback, spin-off, or privatization are fair.[1] It is rendered for a fee.[2][3] They are typically issued when a public company is being sold, merged or divested of all or a substantial division of their business. They can also be required in private transactions not involving a company that is traded on a public exchange,[4] as well as in circumstances other than mergers, such as a corporation exchanging debt for equity.[5]

Controversy[edit]

Controversy in financial and management circles surrounds the question of the objectivity of fairness opinions, as one aspect of the duty of care in the fairness of a transaction. A potential exists for a conflict of interest when an entity rendering an opinion may benefit from the transaction either directly or indirectly.[6] Directors and officers of the companies also may have an interest in the outcome of the proposed transaction.[7] In response, in the United States, the Financial Industry Regulatory Authority (then the National Association of Securities Dealers) issued its Rule 2290 to require disclosure by its members to minimize abuses;[8] this was approved in 2007 by the Securities and Exchange Commission.[9]

Equity and fairness[edit]

In the United States, in the context of stockholder lawsuits,[10] typically relating to the sale or merger of a public company, the Delaware Court of Chancery has required sufficient disclosures be made to a board of directors and shareholders to “provide a balanced, truthful account of all matters”[11] and said “When a document ventures into certain subjects, it must do so in a manner that is materially complete and unbiased by the omission of material facts.”[12] In a Memorandum Opinion in the CheckFree/Fiserv merger Chancellor Chandler underlined that the earlier In re Pure Resources Court had established the proper frame of analysis for disclosure of financial data: “[S]tockholders are entitled to a fair summary of the substantive work performed by the investment bankers upon whose advice the recommendations of their board as to how to vote on a merger or tender rely.”[13] According to the certification hypothesis fairness opinions may also serve the interest of the shareholders by mitigating informational asymmetries in corporate transactions.[14]

References[edit]

External links[edit]

Example Fairness Opinions (SEC filings) relating to the merger of Merck & Co., Inc. and Schering-Plough Corporation:

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