NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB

Who Pays The Break Up Fee If This Goes South

[humppyus]

Let's say William Hill gets their shares and blows the deal up;  Who pays the break up fee?  This will also affect share price.

[uograd]

there would be no break up fee.  only break up fee is nyx get better offer or scientific walk away and that is dicey to get paid at best.

[retiredcf]

Hard to believe that people gave away their shares around $1.60. Perhaps Scientific Games will speed up the process to beat the 4 Dec deadline.  Understandably William Hill doesn't want to lose $50 million and likely considers that NYX is a valuable acquisition that they view as being undervalued. Messy in the short term but  it should certainly be worth more than it's trading

[AVandelay]

NYX would not be obligated to pay the break fee if the deal fails to get shareholder approval.

[stocksnbonds]

Don't know about you folks but I certainly won't mind one iota if the deal falls through.  Not sure about the legalities of the shares or who pays the breakup fee.  If NYX becomes a stand-alone firm again, I'll be one happy camper ! NYX is a cash cow. We'll see that with the November financials unless management $crewed the company on the financial end more than we

[bigbaddude]

SB - 100% agree SG needs this - find it very hard to imagine they won't either give WH what they want or a concession to make up for it, possibly meaning a higher purchase price.