Varonis Systems To Pay Proofpoint Termination Fee Of $211.7M If Deal Terminated Under Specified Circumstances; Termination Fee Of $423.3M Will Be Payable By Proofpoint To Co If Deal Terminated Under Specified Circumstances
The Company is required to pay Parent a termination fee of $211,700,000 in cash on termination of the Merger Agreement under specified circumstances, including, among others, termination by Parent in the event that the
Varonis and Proofpoint agreed to merge, but added penalty fees. If either company breaks the deal, they pay the other company money to make it fair.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.