Please join us for a refresher course on premiums and discounts related to control (or lack of it). Topics covered will include: when discounts for lack of control apply, elements of control, levels of control, what to look for in governing documents regarding the rights of non-controlling owners, developing a non-controlling value directly versus indirectly, control premiums and various sources for premiums and discounts for both operating companies and holding companies, such as Mergerstat, Partnership Profiles, and Closed-End Funds.
Program Agenda
Concepts regarding control and its lack;
Levels of control, levels of value, and their relationship;
Interpreting governing documents regarding control elements;
Reflecting the level of control of a particular subject interest in its valuation;
Sources of market evidence regarding control premiums and discounts and their use; and
Court cases with interesting outcomes.
Case study:
There will be a case study comparing different approaches to the valuation of non-controlling interest.
Learning Objectives
Be able to derive the value of a noncontrolling interest using a direct approach and an indirect approach (getting to control first);
Learn to look for unusual terms in governing documents that might affect control;
Learn how various points in the spectrum of control characteristics affect value; and
Be able to describe the strengths and weaknesses of various market evidence regarding the value of control.
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Business Valuation Resources offers a 100% money-back guarantee on our training services. If you are not completely satisfied
with your experience, or have any feedback, please contact Business Valuation Resources at 1-503-479-8200 or
customerservice@bvresources.com.
