Manchester United Plc Says In Event Transaction Agreement Terminated Under Some Circumstances Trawlers Limited Shall Pay To Co, A Sum Equal To $164M; In Event Transaction Terminated Under Some Circumstances, Trawlers Limited To Pay Co Other Regulatory Termination Fee Of $82M; In Event Deal Terminated Due To Adverse Recommendation Change, Co To Pay To Trawlers Ltd Sum Equal To $48M Plus Costs, Expenses
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Manchester United Plc disclosed in an SEC filing that if the transaction agreement is terminated under certain conditions, Trawlers Limited will be required to pay the company a termination fee of $164 million.
December 26, 2023 | 10:06 pm
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Manchester United Plc may benefit from a substantial termination fee of $164 million if the transaction agreement with Trawlers Limited is terminated under certain conditions.
The potential receipt of a $164 million termination fee is significant for Manchester United Plc and could be viewed positively by investors as it provides financial compensation in the event of a deal falling through. This could lead to a short-term positive impact on the stock price, assuming investors perceive the fee as a financial safeguard.
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