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Lock-Up Creep, Christina M. Sautter, Steven M. Davidoff
Lock-Up Creep, Christina M. Sautter, Steven M. Davidoff
Journal Articles
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.