The Delaware judge overseeing a trial over the stalled deal said if the takeover isn’t completed by Friday, the state could soon lose more than $1.2 million in bonds for $6.1 billion in the next 10 months, but the judge said he will be happy to pay if the deal isn’t completed this week at any point this month.
“I don’t think there’s any choice here,” the judge said after a hearing that the state’s lawyers were asked to submit evidence to show that the deal will not go through in half an hour and a half.
The judge said Tuesday he didn’t comment on whether the state can go ahead with the move, but said the deal was unlikely to be completed until Friday, when it could be shown in a public report.
“I don’t think the state can go ahead with this, because it’s a matter of whether or not we get the resolution or go ahead with it and everything else,” the judge said.
The judge said the state could wait to see if the deal is completed by Monday night.