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derickman

03/25/06 9:25 PM

#16 RE: derickman #15

here is something I found..


The lock-up provision refers to the option granted by a seller to a buyer to purchase a target company’s stock when a takeover offer is made; only the buyer will be able to purchase the stocks from this major or controlling shareholder. Typically, a lockup agreement is required by an acquirer before making a bid and facilitates negotiation progress.