Davenport's valuation professionals have a long history of providing fairness opinions and valuations that have credibility in the marketplace and the courts. We have been qualified in various courts to present expert valuation testimony and we have extensive experience in dealing with the Internal Revenue Service on valuation issues.

Fairness opinions are typically required in mergers, acquisitions and divestitures to provide assurance to the board of directors, management and shareholders that the proposed transaction is fair to the shareholders from a financial point of view.

Valuations of corporate securities and businesses are most frequently requested by owners of closely held companies and by publicly traded companies with inactively traded securities. However, even actively traded securities may require professional appraisal under certain conditions, such as those that may exist with controlling interests, large blocks of non-control stock or restricted securities.

Following are the most common situations requiring valuations and fairness opinions: