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Technology Stocks : BAY Ntwks (under House) -- Ignore unavailable to you. Want to Upgrade?


To: bayhead who wrote (6702)6/19/1998 4:20:00 PM
From: Bosco  Read Replies (2) | Respond to of 6980
 
re: Breakup Fee - Dear bayhead, I read somewhere last nite [can't remember where though,] someone has made the allegation that according to the relevant court papers [which makes this a 3rd hand information] there is a breakup fee of $274MM.

If it is true, it is quite significant; but then, if it is true, the whole reason is to make any coldfeet prohibitively costly, isn't it? Still, if someone wants something bad enough, what is a $274MM in light of a transaction that will likely to reach beyond $10B?

note: if anyone has any verification and/or confirmation of the breakup fee, please followup, thanks
best, Bosco