FC Barcelona And Mountain & Co. I Acquisition Corp. Amend And Restate Business Combination Agreement With Regards To Barça Media
Portfolio Pulse from Happy Mohamed
FC Barcelona (FCB) and Mountain & Co. I Acquisition Corp. (MCAA) have amended their Business Combination Agreement to strengthen their partnership and focus on meeting near-term operational targets. The amendment reduces closing conditionality for MCAA's public shareholders and revises the financial requirements of the business combination to enhance structural flexibility. The minimum cash condition for Barça Media has been adjusted to €90 million at closing, which can be reduced by any cash received by FCB. The business combination agreement now provides for a termination right by FCB if funding of €40 million has not been received or committed by December 31, 2023.
October 26, 2023 | 9:03 pm
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The amendment of the Business Combination Agreement between MCAA and FCB reduces closing conditionality for MCAA's public shareholders and revises the financial requirements of the business combination. This could potentially make the deal more attractive to investors.
The amendment reduces closing conditionality for MCAA's public shareholders, which could potentially make the deal more attractive to them. Furthermore, the revised financial requirements of the business combination could enhance structural flexibility, potentially making the deal more appealing to investors.
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