Will Elon Musk Be Forced to Buy Twitter?
Patrick Boyle On Finance
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The Murger Agreement Between Elon Musk and Twitter in a Byout Deal
In the pre financial crisis, specific performance was generally barred in private equity byout deals. After a high number of deal breaks occurred, murger agreements changed and specific performance became much more common. Buyers typically pay out one to three % of the target enterprise value in order to exit transactions if specific performance is barred,. but pay up to ten% or more of the targets value when specific performance is permitted.
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