A target firm is unlikely to reject a bid without getting a "fairness" opinion from an investment banker
stating that the offer is inadequate.

Question

Quizplus · Accepted Answer

A target firm often seeks a fairness opinion from an investment banker as part of its due diligence process to ensure the offer reflects the fair market value of the company and to justify rejection of a bid they consider inadequate.

A Target Firm Is Unlikely to Reject a Bid Without