Agreement Termination

V C Noble
Frontier agreed to buy rival Holly for cash and stock
A toxic tort sued was filed against Frontier
Holly said it would recommend shareholders vote against the deal if it weren't renegotiated
After weeks of negotiation, Frontier sued claiming repudiation
In response, Holly asserted a MAE
Frontier abandoned the deal and sued
Muddled facts and opinion
Frontier by suing ensured the deal wouldn't close by its drop dead date so that MAE issue would become moot

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