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Publications

Reflections on agreements and related operations

“(..)This memorandum was prompted by the observation that, in the structuring of takeover bids, agreements and, where they are in place, so-called “related transactions” are relatively frequent and have –…

Fairness opinions

Recommendations for taking synergies into account in fairness opinions

“Background to the drafting of these recommendations The Autorité des marchés financiers’ recommendation on independent appraisals, published online on 28 September 2006 and amended on 19 October 2006, stipulates that…

Publications

The main criteria discarded in the context of public tenders

Valuations carried out as part of takeover bids are based on a multi-criteria approach, which means that only criteria deemed irrelevant to the case in question or redundant methods are…