Abstract
The article discusses a reported increase in the number of merger agreement lock-ups that have occurred as of June 2013, focusing on the causes of lock-up creep and its potential impact on the takeover market. It states that lock-up creep is a phrase that is used to describe a rise in the number and type of merger agreement contractual devices that buyers and sellers negotiate in an acquisition agreement. Attorney negotiations, bidders, and various legal cases are examined.
Keywords
United States, Lock-up agreements (Securities), Merger agreements, Negotiation, Actions & defenses (Law) -- Cases, Consolidation & merger of corporations -- United States, Contracts -- United States, Lawyers -- United States
Date of Authorship for this Version
Summer 2013
Volume Number
38
Issue Number
4
First Page
681
Last Page
731
Repository Citation
Sautter, Christina M., Lock-Up Creep, 38 Journal of Corporate Law 681 (2013).
Comments
38 J. Corp. L. 681 (2013)