Silicon Motion Inc. (SIMO) Message Board

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Technology Stocks : Silicon Motion Inc. (SIMO)

SIMO 88.23

-0.7%

3:23 PM EST

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To: Anonymous895 who wrote (2714)	8/15/2023 5:05:04 PM
From: Elroy	Read Replies (1) of 2977

Does this mean no target company has had it's acquisition wrongfully terminated, and then later won damages from the buyer which somehow involved the purchase price? It seems bizarre, but that's where my level of knowledge is at the moment. I think Cayman law will default to English law. I get it that shareholders are a third party not entitled to their potential payout, but I don't quite understand why - if that's the legally proper understanding of the merger agreement - the lawyers wouldn't write the issue in a way that says in the event of breach damages is "the purchase price minus something".

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