their fault...they pay.
Unlikely either side pays. They both just walk away.
won't P&G be doing the "breaking up" -- I would think [if they do so] they might have to take separate legal action to attempt recover costs --- not sure which way that will fall
The contract says that if there are problems with financial statements for 2 FY, then P&G can break up and DMND must pay the breakup cost of $60M.
"We assume the Pringles deal will be called off now, leaving DMND liable for a $60 million breakup fee to P&G," Jefferies analysts wrote in a report Thursday.