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.
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
Sautter, Christina M., Lock-Up Creep, 38 Journal of Corporate Law 681 (2013).