Because whoever allowed them to put a $4B breakup fee in the agreement should not be allowed to give merger advice with a straight face ever again
http://blogs.wsj.com/deals/2011/12/19/breaking-at…
Found it:
JPMorgan Chase & Co.,Greenhill & Co., and Evercore Partners
Win win win no matter what
And it was so obvious that the deal was not going to go through....I really have no idea how they came up with this break-up fee...
I imagine T-Mobile knew it was a long shot and insisted on the breakup covenant so this whole deal would be worth their while
"Win, cheat or quit but never fucking lose."
2.5x the next largest fee, % wise
http://blogs.wsj.com/deals/2011/12/19/att-is-paying-the-biggest-breakup…
I mean, come on guys. AT&T shareholders should be furious
I am furious. But those bitches better keep paying my that dividend.
dolla dolla bills, y'all
http://dealbook.nytimes.com/2011/12/19/att-deals-wall-street-losers/
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