Chrysler is asking a bankruptcy judge to terminate the agreements with its castoffs by June 9.
Dynegy, based in Houston, paid about $11 million to terminate the agreements.
"There is no reason at this time to terminate our agreements because our national interests continue to converge.
Before moving to terminate its agreements, the South African government commissioned an internal study to help determine whether such treaties actually did help boost foreign investment.
Even that might not be enough, if the courts hold that the president's constitutional power over foreign affairs can be used to terminate trade agreements.
The company plans to use $309.5 million of its expected net proceeds of $352.5 million to repay debt, and will use $20 million to terminate advisory agreements with the Carlyle Group and Welsh, Carson, Anderson & Stowe, the filing said.
It also dropped 3percentt in its luxury watch business, a dip LVMH attributed to its decision to terminate licensing agreements for the manufacture of some brands and to slower sales in the United States.
Elizabeth A. Fetter, NorthPoint's chief executive, disagreed, saying in a statement yesterday, "Verizon was not entitled to terminate these agreements, and we are exploring all our options, including funding options and legal remedies".
"Academies will receive letters saying I am minded to terminate funding agreements," he told MPs.
As of right now, the company that wins the bidding would be able to terminate existing agreements.
