上市公司分手也談分手費? /How Do Public Companies Arrive at Termination Fees?

2022-08-11·36 分鐘

本集介紹

小額贊助支持本節目: https://open.firstory.me/user/cki7h5zxajbdp08606zzrytfy
本週延續上週的話題,Jimmy繼續和大叔們討論在上市公司併購案件中,併購失敗時會出現的「分手費」。 
-買方或者賣方給予另一方分手費的條件依據為何?
-分手費的市場利率通常為多少?(註:這和擁有一位優秀律師及財務顧問息息相關)
-為何分手費的存在讓買方比起賣方,更不敢取消併購交易?
-買方或賣方有沒有辦法在不需支付分手費的情況下,從併購交易裡脫身?
今天也別錯過本集的精彩內容唷!

Today Jimmy talks to us about another intriguing issue that often comes up in an M&A situation, the termination fee.

-What’s the justification for the seller or the buyer to offer a termination fee?
-What’s the “market” rate for a termination fee? (Hint: get a good lawyer and a good financial advisor.)
-Why does a termination fee deter the buyer from walking away more than the seller?
-Are there situations in which either the buyer or the seller can walk away from the deal without paying a termination fee?

Let’s take a listen.

Show notes:
-Termination fee: https://cutt.ly/IZYrDH0
-Material adverse change: https://cutt.ly/oZYuivR
-Force majeure: https://cutt.ly/DZYuctC

Image sources:
-Breakup fee (KKNews)
-Delaware Supreme Court Seal (wiki)
-Twitter & Elon Musk (UDN)

#TUX
#TerminationFee
#BreakUpFee
#HostileTakeOver
#M&A
#謝伯伯時間
#分手費
#終止費
#惡意收購
#合併與收購

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