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Strategies & Market Trends : Value Investing

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To: Madharry who wrote (73187)	7/27/2023 10:34:57 AM
From: Elroy	Read Replies (1) of 78941

I don't understand why MXL clearly breached the contract, rather than stonewalling the process to Aug 7th and then saying "the clock has run out - we walk away". It seems by quitting the deal two weeks before the outside date, they have opened themselves up to massive liability through litigation. If MXL can't prove that SIMO breached the agreement somehow (ie, can't prove that their cancellation of the deal was justified) then MXL may be on the hook for $3 billion, which perhaps they don't have, and so yeah, SIMO could end up owning MXL. It's confusing! Why would SIMO negotiate a lower deal price when (from the looks of it) they could end up owning MXL?

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