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If it backs out of the proposal, it will pay a $9 million termination fee.
South African Breweries will pay a breakup fee of $160 million if it backs out of a deal to buy the the Miller Brewing unit of the Philip Morris Companies, Philip Morris said yesterday.
And they move into the other room, and Cathy says, "But that's not what made you come home from the office, is it?" And so it backs out of her world and her problems and into his.
In other news, Toys R UsUshareholdersrs were told that the company will get hit with a $300 million termination fee if it backs out of a $6.6 billion buyout offer from a private consortium.
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The A.M.A. was widely condemned and accused of selling its good name, and it backed out of the deal.
During the most recent Urban Challenge in November, TerraMax had to be shut down after it backed out of a parking spot, paused to get its bearings and ambled to the front door of an old PX.
Verizon was selected in April 2004, but a month later it backed out of the deal.
Only one bank had been willing to help it raise money, and it backed out of a $16 million deal to provide short-term financing.
Bilzin Sumberg originally had been slated to move to 600 Brickell, but it backed out of that deal in early 2009, citing the construction delay.
The latest dismal results also raise the question of whether G.M. made the right decision in 2009 when, at the last minute, it backed out of a deal to sell Opel, which operates under the Vauxhall brand in Britain.
S.& P. ran into particular trouble in August 2011 after it backed out of rating a bond being issued by Goldman Sachs and Citigroup because of internal disagreements about how to rate the bonds.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com