Originally Posted by
Rainbows
What happens to that money if we don't merge? What happens to the interest on that money? I thought the company was putting in a few million for a merger fund.
Been down this road before. If memory serves, money is held in a non-interest bearing escrow account. It is refunded (minus some minor administrative fees) if the money is not spent for merger counsel. As far as the tax deductible aspect, I don't know. Ask your H&R Block guy when you are setting up your refund anticipation loan.