For starters, there’s the $US11 million ($16 million) wasted that it must pay Sezzle to wriggle out of the deal, but it could have been worse given the merger agreement included a break fee up to $31.4 million in certain circumstances.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com