Examples of CIBC Fairness Opinion in a sentence
CIBC has also provided a verbal opinion ("CIBC Fairness Opinion") to Hammerhead's Board of Directors to the effect that, as of the date of such opinion and based upon and subject to the assumptions, limitations and qualifications set forth therein, the consideration to be received by Hammerhead Shareholders pursuant to the Arrangement Agreement, is fair from a financial point of view, to Hammerhead Shareholders.
CIBC provided the CIBC Fairness Opinion to the Baytex Board for their exclusive use only in considering the Merger.
CIBC provided its opinion orally that, as of February 26, 2023 and subject to the assumptions, limitations and qualifications to be set forth in the CIBC Fairness Opinion, the Consideration to be paid by Baytex, pursuant to the Merger Agreement, was fair from a financial point of view to Baytex.
The CIBC Fairness Opinion does not address the relative merits of the Merger as compared to any other strategic alternatives that may be available to Baytex.
The full text of the Fairness Opinions, setting out the assumptions made, matters considered and limitations and qualifications on the review undertaken in connection with the Fairness Opinions, are attached as Appendices C (Scotia Capital Fairness Opinion) and D (CIBC Fairness Opinion) to this Circular.