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re: Per Bloomberg: Halliburton and Baker Hughes deal is OFF

Posted on 5/1/16 at 3:41 pm to
Posted by lynxcat
Member since Jan 2008
24189 posts
Posted on 5/1/16 at 3:41 pm to
Why are those fees always set so high? It's nuts that they owe that much in cash and the other company didn't do anything
Posted by dkreller
Laffy
Member since Jan 2009
30382 posts
Posted on 5/1/16 at 7:44 pm to
quote:

d the other company didn't do anything

Except take market share and prevent us from restructuring due to the oil fallout.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42550 posts
Posted on 5/2/16 at 6:46 am to
quote:

Why are those fees always set so high?


Often used by companies to get free money when they know the deal will sour or it won't be approved.
Posted by The First Cut
Member since Apr 2012
14012 posts
Posted on 5/2/16 at 6:55 am to
quote:

Why are those fees always set so high? It's nuts that they owe that much in cash and the other company didn't do anything


That's the terms of a non-disclosure agreement. You grant another firm to look under your skirt and learn virtually everything about your business. You're due something if they look that hard, know that much about you, then go back to being a competitor.
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