Energy Transfer logo on the website homepage. With Deal Conditions Unmet, Energy Company Liable for $410M in Lawfully Broken Merger
Glasscock found The Williams Companies' structuring of a private offering wasn't excused, which qualifies as an unmet condition and entitles it to payment of the termination fee.
December 30, 2021 at 04:46 PM
2 minute read
Mergers and Acquisitions
A pipeline company will be required to pay another $410 million for conditions not being met when breaking off a merger, Delaware Court of Chancery Vice Chancellor Sam Glasscock III decided Wednesday.
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