Go-shop clause Legal
Definition
Merger agreement provision that allows the target to actively solicit competing offers from other potential suitors for a set number of days. Go-shop clauses typically occur in going private transactions where corporate boards have a fiduciary responsibility to shareholders to seek out the best offer. (Opposite of of no-shop clause)
For profiles of 1,400+ private equity firms, including portfolio and professional info, please consider a free 30-day trial membership.
Membership Benefits Include
Access to 1,400+ Private Equity Firms, 16,000+ Portfolio Companies, and 15,000+ Firm Professionals
Relevant, Easy to Use Search Tools
Create and Save Project Lists, Add and Maintain Firm Notes
Export Contact Information to Microsoft Excel