GREY:CKNBF - Post by User
Post by
ivangion Jan 31, 2009 1:02am
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Post# 15742206
4 M break up fee
4 M break up feeIt is my understanding that CIC would pay the 4M fee if it accept another bid during the period allowed to Verisign to pursue its takeover procedure.. In the agreement it is understood that the transaction is subject to 66 2/3% approval vote from shareholders. If the majority vote no, the deal is off and no breakup fee.
After that period another bid could be submitted to shareholders by any interested party.
ivangi