TERMIUM Plus®

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

SOFT LOCKUP AGREEMENT [1 record]

Record 1 2009-07-06

English

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

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.

Key term(s)
  • soft lockup agreement

French

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

Convention aux termes de laquelle l'actionnaire de la société cible s'engage envers l'acquéreur éventuel à déposer ses actions en réponse à l'offre publique d'achat et à ne pas solliciter activement d'autres offres, en se réservant toutefois le droit d'accepter une offre supérieure non sollicitée.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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