Ryuu96 said:
If the merger agreement isn't extended then Activision can walk away for whatever reason they want to, whenever they want to, and still pocket the $3bn. |
Yes, but there's nuance to this, current stock price is tied to this transaction going through, if ABK walks away they might get $3B in cash on hand, which is not guaranteed to be paid in dividends to investors short-term, but how much investors will actually lose in market valuation? Not only that but it's quite common for CEOs and the like to tie their bonus to stock performance, so I would believe they would keep the transaction at the very least until their next bonuses are attributed.