last look

last look
matching right, Also known as last look.
This is a clause in an acquisition or merger agreement that gives the buyer the right, if the target company receives a superior proposal from a third party during the window-shop or go-shop period, to match that offer. The can be structure is a one-time matching right or a right to match each offer made by a third party.

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

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