CORRECTION: CVR Energy Discloses Reverse Termination Fee Of Up To $252M In Event Of Insufficient Funding To Acquire Marathon Assets; Marathon Sellers' Termination Fee May Be Up To 5% Of Purchase Price For Willful Breach Of Agreement
Termination. The Purchase Agreement contains termination rights for the Company and the Sellers, including if the Acquisition Closing has not occurred within 270 days after execution of the Purchase Agreement, subject
CVR Energy is buying Marathon assets but faces a big penalty if funding falls through. Both sides have escape clauses if the deal stalls past 270 days.
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