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richierichstl

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richierichstl

Re: None

Thursday, 08/15/2019 7:10:57 PM

Thursday, August 15, 2019 7:10:57 PM

Post# of 11618
What happens if Star Insurance terminates deal? Do we get some cash, too?

"Syncora has the right to terminate the agreement pursuant to the terms and conditions thereof and pay Star Insurance a termination fee of $15,700,000 plus reimbursement of Star Insurance’s reasonable expenses, up to $3,000,000."

Be nice if some other company stepped in (e.g., AGO) and upped the purchase price... probably just a pipe-dream though.
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