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Starwood Waypoint discloses termination fee for Invitation Homes merger

Starwood Waypoint Homes disclosed the termination payment related to its stock-for-stock merger with Invitation Homes Inc.

If Invitation Homes terminates the deal, it may be required to pay Starwood $230 million and/or pay Starwood an expense amount equal to $25 million.

If Starwood terminates the agreement, it may be required to pay Invitation Homes a termination fee of $161 million and/or pay Invitation Homes a $25 million expense amount.

The deal may be terminated by either party under certain conditions, at any time prior to the mutually agreed closing date.