TERMIUM Plus®

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GRANTEE COMPANY [1 record]

Record 1 2012-09-18

English

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

The stock lock-up involves the purchase, or the granting of an option to purchase, of authorized but unissued shares of stock of the target company. Stock lock-ups have the effect of making an acquisition of the company more expensive for a competing bidder and/or of enabling the grantee to successfully defeat any corporate action by a competing bidder.

French

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

Entente aux termes de laquelle la société cible accorde à l'acquéreur éventuel le droit d'acheter des actions de trésorerie sous certaines conditions, de manière à protéger la transaction projetée et à décourager les offres inamicales.

Spanish

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