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BRIEF-Straight Path says co may be required to pay Verizon a fee of $38 mln upon termination of merger

May 11 Straight Path Communications Inc

* Straight Path - upon termination of Verizon merger, under certain circumstances, co may be required to pay Verizon termination fee equal to $38 million

* Straight Path says Verizon required to pay co $85 million if merger has not closed by the extended termination date under some circumstances - sec filing

* Straight Path - if Verizon merger is terminated other than as a result of Verizon’S breach, co to pay Verizon amount equal to AT&T termination fee Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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