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Before the deal closed NP said payments not due un

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Post# of 155577
(Total Views: 286)
Posted On: 05/10/2019 6:12:08 PM
Posted By: sjacobs26
Re: Fortuno #2789
Before the deal closed NP said payments not due until late 2020. When the deal was officially announced, in the interview he stated payment were due in 1 year (didn’t mention a date, but this was on 1 April and he said something along the lines of payment will be due when product is delivered). The change may have been a result of the $500M that was stated initially and then increased to $1B with payment due when delivered.

I believe if it looks like combo will not be approved by then (which I think it will), then they could delay this and also delay payment. That was my understanding when listening to the interview.


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