Edition:
India

Expedia Group Says LEXPE Has Agreed To Non-Solicitation Obligations With Respect To Any Third-Party Acquisition Proposals


Tuesday, 16 Apr 2019 

April 16 (Reuters) - Expedia Group Inc ::EXPEDIA GROUP INC - LEXPE HAS AGREED TO NON-SOLICITATION OBLIGATIONS WITH RESPECT TO ANY THIRD-PARTY ACQUISITION PROPOSALS.EXPEDIA GROUP INC - LEXPE HAS AGREED TO CERTAIN RESTRICTIONS ON ITS AND ITS REPRESENTATIVES’ ABILITY TO RESPOND TO ANY THIRD PARTY PROPOSALS.EXPEDIA - IF DEAL IS TERMINATED UNDER CERTAIN CIRCUMSTANCES, LIBERTY EXPEDIA HOLDINGS WILL BE REQUIRED TO PAY CO TERMINATION FEE OF $72 MILLION.EXPEDIA GROUP INC - AT CLOSING, THREE DIRECTORS SERVING ON CO'S BOARD WHO WERE NOMINATED BY LEXPE ARE EXPECTED TO RESIGN.