(Reuters) - The break-up fee is $80 million if Avaya decides to accept a superior proposal that is submitted by another party in the next 50 days. Otherwise, the fee is $250 million, Avaya said in a filing to the U.S. Securities and Exchange Commission.
Under the terms of the agreement, Ayaya cannot solicit proposals from additional third parties after July 24, though it can continue to discussions with any party that submits a written takeover proposal within the 50 days.
Read more at Reuters.com Bonds News
Under the terms of the agreement, Ayaya cannot solicit proposals from additional third parties after July 24, though it can continue to discussions with any party that submits a written takeover proposal within the 50 days.
Read more at Reuters.com Bonds News
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