Reuters logo
4 months ago
BRIEF-Straight Path Communications says third party currently evaluating topping AT&T bid
April 13, 2017 / 9:53 PM / 4 months ago

BRIEF-Straight Path Communications says third party currently evaluating topping AT&T bid

April 14 (Reuters) - Straight Path Communications Inc

* Straight Path Communications - upon termination of merger agreement under certain circumstances,co to pay at&t termination fee equal to $38 million-sec filing

* Straight Path Communications - in addition, at&t required to pay co an aggregate amount equal to $85 million, upon termination under certain circumstances

* Straight Path Communications - co,co's financial advisor received letter from third party that had been bidding to acquire co before co entered agreement

* Straight Path Communications Inc - letter indicated that third party continues to be interested, and that it currently is evaluating a topping bid Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below