What's Market?: Standstill Restrictions in Public Control Transactions
14 November 2024
In agreeing to provide due diligence access to a potential bidder (Bidder) in connection with a control transaction concerning an ASX-listed entity (Target), the Target may require the Bidder to agree to a standstill restriction, which restricts the Bidder from, among other things, acquiring an interest in securities in the Target for a specified period, usually between 3 and 12 months (with periods ranging from 6 to 12 months being more typical).
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