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Technology Stocks : EZchip Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: PaulAquino who wrote (2422)10/30/2015 7:19:00 AM
From: w0z  Respond to of 2675
 
Paul now I recall seeing that...but also note that it qualifies with "in certain circumstances" (twice).

Since Raging Capital is not a newcomer to these fights, I'd guess their lawyers know what they are doing. I believe I commented some weeks ago that I was surprised such a clause could be enforced without shareholder approval.



To: PaulAquino who wrote (2422)10/31/2015 2:20:29 AM
From: profstok3 Recommendations

Recommended By
Dave01
EzStinger
longezch

  Respond to of 2675
 
Aquino:

No termination fee is due if the shareholders vote down the sale.

Termination fee is due if EZCH (as opposed to the shareholders) terminates this agreement and sells itself within 12 months of the termination to another company (would be required to pay MLNX $28.385 million plus the applicable Israeli Value Added Tax (VAT)).

What do you not understand?


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