Examples of Paradigm Fairness Opinion in a sentence
The Paradigm Fairness Opinion is not a recommendation as to how any Shareholder should vote or act on any matter relating to the Arrangement.
The Company has agreed to reimburse Paradigm for its reasonable out-of-pocket expenses (including fees of legal counsel) incurred in connection with the rendering of the Paradigm Fairness Opinion, and is to be indemnified by PolyMet in certain circumstances.
Shareholders are urged to read the Paradigm Fairness Opinion carefully and in its entirety.PolyMet formally engaged Paradigm pursuant to an engagement agreement dated May 24, 2023 (the "Paradigm Engagement Agreement").
The full text of the Paradigm Fairness Opinion sets out the assumptions made, procedures followed, information reviewed, matters considered, and limitations and qualifications on the review undertaken in connection with the Paradigm Fairness Opinion.
Paradigm presented its conclusions in draft form to the Board on July 15, 2023 and issued a verbal opinion to the Board on July 15, 2023 based upon and subject to the scope of review, assumptions, limitations, qualifications, and other matters described in the Paradigm Fairness Opinion and contemplated by the Paradigm Engagement Agreement.
For full details, refer to the complete Formal Valuation and Maxit Fairness Opinion appended to this Circular as Appendix C.Paradigm Fairness Opinion The following summary of the Paradigm Fairness Opinion is qualified in its entirety by reference to the full text of the Paradigm Fairness Opinion attached to this Circular as Appendix D.
As compensation for Paradigm’s services in connection with the rendering of the Paradigm Fairness Opinion to the Board of Directors, the Company agreed to pay Paradigm US$300,000.
Paradigm Fairness Opinion ConclusionBased upon and subject to the foregoing and such other factors as Paradigm considered relevant, Paradigm is of the opinion that, as of July 15, 2023, the Consideration payable is fair, from a financial point of view, to the Minority Shareholders.
Please also consider this comment with respect to the certain internal financial forecasts referenced in clause (i) on page 46 describing information that Paradigm reviewed in rendering the Paradigm Fairness Opinion.
The Company Special Committee and the Company Board have received the TD Fairness Opinion and the Paradigm Fairness Opinion, which opinions, as of the date of this Agreement, have not been modified, amended, qualified or withdrawn.