Reuters logo
3 months ago
BRIEF-Straight Path says co may be required to pay Verizon a fee of $38 mln upon termination of merger
May 11, 2017 / 8:38 PM / 3 months ago

BRIEF-Straight Path says co may be required to pay Verizon a fee of $38 mln upon termination of merger

May 11 (Reuters) - Straight Path Communications Inc

* Straight Path - upon termination of Verizon merger, under certain circumstances, co may be required to pay Verizon termination fee equal to $38 million

* Straight Path says Verizon required to pay co $85 million if merger has not closed by the extended termination date under some circumstances - sec filing

* Straight Path - if Verizon merger is terminated other than as a result of Verizon’S breach, co to pay Verizon amount equal to AT&T termination fee 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