lock-ups

lock-ups
irrevocable undertaking Also known as a lock-up. A binding agreement by a target shareholder to accept a takeover offer. An irrevocable undertaking may be either hard (binding in all circumstances), soft (ceases to be binding if a higher offer emerges) or semi-hard (ceases to be binding if a higher offer emerges which exceeds the existing offer by an agreed amount).

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Lock-ups — This article refers to the toy cars. For temporary gaols see Village lock ups Lock ups were toy cars made in the early eighties by Kidco. These cars had doors and a trunk that could be locked by using a key that comes with the car in a keyhole on …   Wikipedia

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  • Lock-Up Period — Window of time in which investors of a hedge fund or other closely held investment vehicle are not allowed to redeem or sell shares. The lock up period helps portfolio managers avoid liquidity problems while capital is put to work in sometimes… …   Investment dictionary

  • Lock-Up Agreement — A legally binding contract between the underwriters and insiders of a company prohibiting these individuals from selling any shares of stock for a specified period of time. Lock up periods typically last 180 days (six months) but can on occasion… …   Investment dictionary

  • Lock (water transport) — Canal lock and lock keeper s cottage on the Aylesbury Arm of the Grand Union Canal at Marsworth in Hertfordshire, England …   Wikipedia

  • lock·up — /ˈlɑːkˌʌp/ noun, pl ups [count] 1 : a place where prisoners are kept : ↑jail a police station lockup see also lock up at ↑lock, 2 2 Brit …   Useful english dictionary

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  • Malaysian lock-up detainee abuse scandal — The Malaysian lock up detainee abuse scandal (also known as Squatgate) is a scandal involving the abuse allegations of detainees (initially Chinese citizens) under the care of the Royal Malaysian Police (Malay: Polis Di Raja Malaysia, or PDRM)… …   Wikipedia

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