If the deal doesn't go, it will be because someone else makes a much
greater offer.
techstocks.com
NEW YORK, Feb 26 (Reuter) - 3Com Corp said it expected the
company's acquisition of U.S. Robotics Corp (NASDAQ:USRX) to close
early in the northern summer and that the deal calls for either
party to pay substantial penalties if it backs out.
In a telephone interview, 3Com chairman and chief executive
Eric Benhamou said the merger, valued at $7.3 billion on a fully
diluted basis, contains "break-up fees and strong mutual lock-up
provisions" should the deal unwind.
Asked if he could quantify the break-up penalties, Benhamou
answered, "No, but they are quite strong."
P.S.
I've got CTXS too. Easy come, easy go. :^( |
