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If the financing pulls out, the acquisition is canceled and there's a $1 billion termination fee. As described above, if the conditions to Parent’s and Acquisi
by ksherlock 4y ago
If the financing pulls out, the acquisition is canceled and there's a $1 billion termination fee.
As described above, if the conditions to Parent’s and Acquisition Sub’s obligations to complete the Merger are satisfied and Parent fails to consummate the Merger as required pursuant to the Merger Agreement, including because the equity, debt and/or margin loan financing is not funded, Parent will be required to pay Twitter a termination fee of $1.0 billion.