3 posts and columns on breakup fee

News Byte

Google Gives Itself Until February 2013 to Get Motorola Deal Done

in Mobile on August 18, 2011 at 4:09 am PT

Earlier this week, Google said it thought it could close its $12.5 billion Motorola Mobility deal “by the end of 2011 or early 2012.” But just in case, it has a cushion: Merger agreements filed with the Security and Exchange Commission give the two companies until February 15, 2013, to get regulatory clearance. As previously reported, the agreement calls for Google to shell out $2.5 billion if it can’t get the deal done; the search giant will receive a $375 million fee if Motorola ends up taking a better deal than the $40 a share it has already accepted.

Google-Motorola Deal Includes $2.5 Billion Reverse Termination Fee

in News on August 15, 2011 at 2:08 pm PT

If Google walks away from its proposed $12.5 billion acquisition of Motorola Mobility, or is forced to do so, the company is on the hook for a hefty reverse breakup fee.
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NetApp Gives Up; Data Domain to Be Acquired by EMC

in News on July 8, 2009 at 1:22 pm PT

EMC has long claimed that its bid for Data Domain is clearly superior to NetApp’s, and today NetApp finally agreed. After market close Wednesday afternoon, NetApp said it has terminated its merger agreement with Data Domain, giving the data storage technology vendor leave to accept EMC’s unsolicited takeover bid–at $33.50 a share cash, an 11 percent premium over its own.
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