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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 ...
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.
"'An auction with a stalking horse, or minimum, bid is more frequently used than a so-called “naked” auction without a floor price,' William K. Snyder, the court-appointed restructuring officer, said. 'Moreover, the stalking horse bidder commonly receives a “reasonable” break-up fee if unsuccessful in the auction,' said Snyder.
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 ...
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In 2016, Time Warner agreed to pay a $1.6 billion breakup fee to AT&T if it backed out of that merger. AT&T would have paid $500 million to Time Warner. The pact with WarnerMedia stunned Hollywood ...
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 ...
However, the bankruptcy judge in charge of the case deemed the break-up fee unjustified, and the Flowers group withdrew its bid. The business was instead sold to Man Financial on November 10. Man Financial kept the majority of the Refco futures businesses after selling Refco Overseas Ltd (Refco's European operation) to Marathon Asset Management ...