FASB Business Combinations and Intangible Assets Project Analysis
A Yet there are often compelling reasons for privately held businesses to obtain them, too. Armed with a fairness opinion, a company's senior management and board of directors can make better- informed decisions about a change-of-control transaction and avoid possible turmoil down the road. The boards of private companies are increasingly following their public counterparts and obtaining fairness opinions in change-of-control transactions for many reasons. Hence, financial executives of privately held companies can help ensure that a transaction of vital importance to the company and its shareholders is completed, with minimum risk, by being able to determine when it makes sense to get a fairness opinion - and how to identify qualified, experienced providers.