PARAGUAY Law and Practice Contributed by: Mauro Mascareño, Carlos Vargas and Rodrigo Gómez Sánchez, Mascareño Vargas – Asesores
11.4 Independent Outside Advice It is standard practice for shareholders to seek independent financial and legal advice during a business combination. The board’s involve- ment is crucial, and they may also seek outside advice. While not mandatory, a fair opinion from a finan- cial adviser is often obtained in significant trans- actions. Its purpose is to ensure the offer is fair to shareholders from a financial perspective.
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