Mergers & Acquisitions
Dec. 20, 2011
Demand for reverse breakup fees increases with antitrust scrutiny
AT&T Inc.'s announcement on Monday to end its bid to acquire T-Mobile USA from Deutsche Telekom AG for $39 billion will result in the largest ever antitrust reverse breakup fee.
Daily Journal Staff Writer
PALO ALTO - AT&T Inc.'s announcement on Monday to end its bid to acquire T-Mobile USA from Deutsche Telekom AG for $39 billion will result in one of the largest ever antitrust reverse breakup fees.
After failing to win approval from the Justice Department and Federal Communications Commission, AT&T must now cough up a whopping $4 billion to Deutsche Telekom after agreeing to the reverse b...
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