TERMIUM Plus®

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

NO-SHOP PROVISION [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2009-07-06

English

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

Although the term "no-shop" can refer to a variety of covenants in an M&A agreement, pure no-shop provisions prevent a target's board from actively soliciting bids after the target has entered into a definitive agreement with an initial acquirer.

Key term(s)
  • no shop provision
  • no shop clause

French

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

Il arrive assez fréquemment de nos jours qu'après une acquisition négociée, les conseils des sociétés cibles s'entendent pour ne pas solliciter d'autres offres après avoir signé la convention de fusion (aux termes de clauses interdisant la sollicitation) [...]

Spanish

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