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PG can make $60M by cancelling this deal, and they have perfect ground to do so. That's money for doing nothing. Why wouldn't PG cancel the deal?
if PG cancels, PG pays 60mil you moron.
I doubt PG would be liable if there is (and there is) a MAC (materially adverse change).Think logically; why would a company be financially penalyzed for actions done by the other party (DMND)? Get it?You should read this if you haven't:http://dealbook.nytimes.com/2012/02/09/diamond-foods-debacle-may-crack-open-a-mac/?partner=yahoofinance