TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 DEF

Any arrangement or transaction through which the target gives the favored bidder a competitive advantage over the other bidders.  1, record 1, English, - lock%2Dup

Record number: 1, Textual support number: 1 CONT

There are essentially three kinds of lockups : Stock lockups give the acquirer a call option on a specified number of shares of the target at a specified strike price. Asset lockups give the acquirer a call option on certain assets of the target at a specified price. Breakup fees give the acquirer a cash payment from the target if a specified event occurs.  2, record 1, English, - lock%2Dup

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 DEF

Accord par lequel la société visée par un regroupement d'entreprises avantage un acquéreur éventuel par rapport aux autres.  2, record 1, French, - entente%20de%20blocage

Record number: 1, Textual support number: 1 CONT

La protection qu'assure une entente de blocage contre les offres concurrentielles en fait un outil idéal pour protéger certaines opérations négociées ou pour se défendre contre des offres inamicales […] Par exemple, l'acquéreur pourra tenter d'obtenir des options d'achat, y compris les procurations de vote, à l'égard d'actions appartenant à des actionnaires importants. Il pourra aussi tenter d'obtenir de la société visée même des options d'achat d'actions ou d'actifs de celle-ci, qui ne pourront être exercées que si la transaction originale n'est pas consommée.  1, record 1, French, - entente%20de%20blocage

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 CONT

In the jargon of the industry, lock-up agreements can be "soft" or "hard". In a soft lock-up agreement, the significant shareholder agrees to tender its shares into the bid, but reserves the right to tender its shares into a higher-priced bid should one come along during the time the original bid is in play. In a hard lock-up agreement, the shareholder commits to tender its shares into the bid no matter what.  3, record 2, English, - lock%2Dup%20agreement

Record number: 2, Textual support number: 2 CONT

Lock-up arrangements are agreements between certain shareholders to sell their shares to a potential acquiring company before a formal offer is made to other shareholders.  4, record 2, English, - lock%2Dup%20agreement

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 DEF

Convention par laquelle certains actionnaires s'engagent à vendre leurs actions à l'initiateur d'une offre publique d'achat avant que l'offre ne soit communiquée aux autres actionnaires.  1, record 2, French, - convention%20de%20d%C3%A9p%C3%B4t

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 DEF

A legally binding contract between the underwriters and insiders of a company prohibiting these individuals from selling any shares of stock for a specified period of time.  2, record 3, English, - lock%2Dup%20agreement

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 DEF

Convention par laquelle un actionnaire s'engage à ne pas aliéner des actions pendant une période déterminée.  1, record 3, French, - convention%20de%20blocage

Record 3,  Textual support,  Spanish