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Breakup Fee in MGM-Spyglass Pact

NY Post:
Metro-Goldwyn-Mayer's lead creditors' deal with Spyglass Entertainment includes a breakup fee in the event another buyer enters the picture, The Post has learned.

Spyglass co-heads Gary Barber and Roger Birnbaum and their partners stand to collect as much as $4.5 million if the deal falls through, a source told The Post. The two men did not return calls for comment.

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