Yeah its a bad deal and wont be upheld in court, but as of right now thats what GBG is obligated to pay. They just dont have time or resources to fight it now. THey have to have Burnstone sold by Dec 15th or Holister goes on the market and they dont wanna lose Holister.
Could you imagine how bad the first DIP offer must have been that they turned down?
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.