Deloitte expands to deliver fairness options

Financial Advisory Services
(Deloitte FAS) is expanding its advisory
services practice to include the delivery of fairness opinions to assist in
evaluating the terms of proposed mergers and acquisitions or other transactions.

Deloitte FAS professionals claims access to 150,000 professionals in more
than 140 countries throughout the Deloitte Touche Tohmatsu (Swiss Verein)
network, enabling Deloitte FAS to offer specialised resources, including
fairness opinions.

‘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,’ Chris Ruggeri, Deloitte FAS
US M&A leader, said. ‘We have the ability to access consulting, tax, and
audit professionals worldwide – not many financial advisors can leverage such a
vast array of skills.’

In relation to the newly effective (December 8, 2007) FINRA Rule 2290,
Ruggeri noted that, ‘as part of a Big 4 professional services organisation,
Deloitte FAS well understands the value of providing independent and well
documented services.’

Further reading:

Deloitte buys into litigation firm

Loss of merger accounting spells trouble

Related reading