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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: DiViT who wrote (47305)11/2/1999 2:00:00 PM
From: Black-Scholes  Read Replies (1) | Respond to of 50808
 
Both sides are handcuffed to this deal. It's designed to be prohibitively expensive for one side to unilaterally call-off (CUBE can afford to call-off more easily than HLIT). Boys, these guys are committed - and that's the way it should be.



To: DiViT who wrote (47305)11/2/1999 2:03:00 PM
From: BillyG  Read Replies (2) | Respond to of 50808
 
Breakup fee -- your news article stated the breakup fee issue more clearly than the 8-K excerpt I posted previously. For the full text and gory details of the $50m fee....
Message 11781460

The heading in my previous post is inaccurate -- under section 7.3(a) CUBE must pay HLIT the $50M. Under section 7.3(b) HLIT must pay CUBE the $50M.


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