TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

GO-SHOP CLAUSE [1 record]

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Record 1 2010-10-26

English

Subject field(s)
  • Commercial Law
  • Amalgamation and Partnerships (Finance)
CONT

In respect of a business combination, directors are required to seek the best value reasonably available to shareholders … In recent years, the "go shop" provision has been used in circumstances where a target has agreed to a transaction without conducting an auction or an informal market canvass. A go shop provision allows the board of directors of a target that has entered into a transaction to shop the target for a limited period of time.

Key term(s)
  • go shop provision
  • go shop clause

French

Domaine(s)
  • Droit commercial
  • Fusion, absorption et coparticipation (Finances)
CONT

[L]es clauses autorisant la sollicitation élaborées aux États-Unis habilitent une cible à solliciter activement des offres auprès d'autres offrants après avoir signé la convention de fusion, et ce, durant une période de temps qui est habituellement limitée.

Spanish

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