Deloitte FAS launches new Offering
Date: 30-01-2008
Source: PR Newswire
Deloitte Financial Advisory Services LLP (Deloitte FAS) announced today that its Advisory Services practice expanded its services to include the issuance of fairness opinions.
A fairness opinion addresses from a financial point of view, the consideration to be received in an applicable transaction. Boards of directors often seek fairness opinions to assist them in evaluating the terms of proposed transactions, such as mergers, acquisitions, tender offers, going private transactions, recapitalizations, divestitures, and leveraged buyouts.
Deloitte FAS professionals have a wealth of industry and financially focused experience. Access to the 150,000 professionals in more than 140 countries comprised by the Deloitte Touche Tohmatsu (Swiss Verein) network enables Deloitte FAS to bring specialized resources to bear on client engagements, including fairness opinions. The global team is experienced in providing an extensive array of merger and acquisition advisory services.
"The accelerated rate, complexity and global nature of today's deals require professional service firms with deep industry knowledge, a broad experience base, and the ability to access global resources. Deloitte FAS is well qualified to meet these objectives," said Chris Ruggeri, national M&A leader for Deloitte FAS. "We have the ability to access consulting, tax, and audit professionals worldwide -- not many financial advisors can leverage such a vast array of skills."
As regards the newly effective (December 8, 2007) FINRA Rule 2290, Ruggeri noted that, "as part of a Big 4 professional services organization, Deloitte FAS well understands the value of providing independent and well documented services."
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