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A breakup fee (sometimes called a termination fee) is a penalty set in takeover agreements, to be paid if the target backs out of a deal (usually because it has decided instead to accept a more attractive offer). The breakup fee is ostensibly to compensate the original acquirer for the cost of the time and resources expended in negotiating the ...
'Moreover, the stalking horse bidder commonly receives a “reasonable” break-up fee if unsuccessful in the auction,' said Snyder. Under the scrapped plan, the $304 million in cash portion of the Greenberg-Ryan group’s May 24 deal with owner Tom Hicks would serve as a minimum bid, with the next bid at least $20 million higher.
An early termination fee (ETF) is a charge levied when a party wants to break the term of an agreement or long-term contract.They are stipulated in the contract or agreement itself, and provide an incentive for the party subject to them to abide by the agreement.
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With all this back history, Groupon wanted Google's offer to include a substantial break-up fee in case the deal fell apart, Business Insider said. But it named a number that was too much for ...
Kroger said Albertsons’ claims were “baseless and without merit” a deflection of Albertson’s own “multiple breaches,” and an attempt to receive a break-up fee “to which they are not ...
FRANKFURT/DUESSELDORF, Germany (Reuters) - Finland's Kone has proposed paying a multi-billion euro break-up fee to Thyssenkrupp in an effort to improve its chances in an auction for the German ...
The filing stated that if the directed sale to Eclipse Aerospace was not completed due to the auction proceeding, then Eclipse Aerospace would receive a US$1.6 million "Break-Up Fee" instead. The trustee indicated to the court that he felt that this measure was justified to encourage movement towards an auction.