Location: The People's Glorious Republic of ... Sigh...
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Quote:
Originally Posted by jollyburger
It's just up to how their lawyers managed to draw up the contract. This wasn't just a normal tenant-landlord deal they signed a pre-sales agreement to buy the entire development.
It obviously included an out for Masimo before it completed.
And I would almost guarantee that any buyout from Masimo would have been scooped by a lender, if there is one. At best, it goes into a capital or leasing reserve but, not knowing any details, I'm speculating.
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