tender and support agreement
- tender and support agreement
-
USA
An agreement used in a two-step merger between a stockholder of a target company and the buyer in which the stockholder agrees to:
• Tender the stockholder's shares of stock in the tender offer once it has commenced.
• Not withdraw the shares once tendered.
• Vote the stockholder's voting interest in favor of the proposed merger transaction and against any proposal in contravention of such proposal.
The purpose of a tender and support agreement is to ensure the buyer that certain significant stockholders will tender their shares or otherwise vote to approve the subject transaction. A tender and support agreement may also include the stockholder's grant of an irrevocable proxy to the buyer to vote the stockholder's shares in accordance with the terms of the tender and support agreement.
For additional information on tender offers, see Practice Note, Tender Offers: Overview (www.practicallaw.com/1-382-7403).
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
Look at other dictionaries:
support — Synonyms and related words: A frame, Maecenas, OK, TLC, abettor, abide, abide with, accept, acceptance, accession, accommodate, accredit, acquiescence, act a part, act out, admirer, advance, advocate, affirm, affirmation, afford, afford hope,… … Moby Thesaurus
POLITICAL LIFE AND PARTIES — Introduction It was largely due to the existence of the pre state political parties, which had conducted intensive political activities for almost half a century within the framework of the yishuv , under the British Mandate for Palestine, that… … Encyclopedia of Judaism
PARENT AND CHILD — STATUS OF THE CHILD In Jewish law, there is no discrimination against a child because of the mere fact that he is born out of lawful wedlock. While the said fact may complicate the question of establishing paternity, once the identity of the… … Encyclopedia of Judaism
Special member state territories and the European Union — Map of European Union in the world (with overseas countries and territories (OCT) and outermost regions (OMR)) Several European Union member states have special territories which, for historical, geographical, or political reasons, enjoy special… … Wikipedia
Denmark and the euro — EU Eurozone (17) … Wikipedia
Offset agreement — Defense offset agreements are legal trade practices in the aerospace and military industries. These commercial practices do not need state regulations but, since the purchasers are mostly military departments of sovereign nations comparable to… … Wikipedia
Ehime Maru and USS Greeneville collision — infobox generic | color = #cc9999 name = Ehime Maru and USS Greeneville collision sub0 = img1 = EhimeMaru.jpg width1 = 325px cap1 = The Japanese high school fishing training ship Ehime Maru lbl1 = Date: row1 = February 9, 2001 lbl2 = Place: row2 … Wikipedia
Health and Social Care Bill 2011 — For other bills with similar names, see Health and Social Care Act. The Health and Social Care Bill 2011 is proposed health care reform legislation introduced in the House of Commons on 19 January 2011.[1][2] If passed, the Bill would be the most … Wikipedia
Water supply and sanitation in the Philippines — ervice qualityContinuity of supplyIn 2004, water supply was available on average for 18 hours each day in the West Zone of Metro Manila and 21 hours in the East Zone. According to their respective websites, the utility responsible for water… … Wikipedia
Water supply and sanitation in Israel — is intricately linked to the historical development of Israel in the context of scarce water resources. Because the coastal plain of historical Palestine had few water resources, Theodor Herzl already envisioned the transfer of water from the… … Wikipedia
