Plus all litigation fees that will run into millions $, for a company that has a very low cash amount available and more than $500M in debt.Life will be tough for months to come for shareholders who want to hold on.
P&G will pay to DMND because P&G is the one who will decide whether to go ahead or not.
The fee is never paid by the seller, always by the buyer when a deal falls through, meaning Diamond.Ask AT&T how much they had to pay when the T-Mobile deal fell through because of the government unfavorable decision.Diamond had barely $4M in cash at the end of 2011.Diamond is in trouble, big one, money wise.
Proctor is the one backing out not Diamond therefore no breakup fee.
They won't have to pay if pg calls the deal off and litigation is covered by insurance. Try again.