| Ryuu96 said: Extended, I Am Shocked /s. $3bn was nothing compared to the $20bn they would have lost in market valuation. Termination fee is now $4.5bn (that's fine, Microsoft ain't paying that cause the deal is going through). Deal price is now effectively $96 a share (up from $95 a share), a $1 dividend + $95 a share original price. With that I think it's safe to say that Microsoft had the advantage in negotiations. Obviously, no company was willing to outbid the already high offer. |
I think the $1 and increase termination fee are added to stave off potential shareholder grudge that the deal is "extended" without a vote.
And this makes sense, the extension is simply an agreement between boards that extends the original contracts, it's only legally valid as long as shareholders accept it's legally valid.
