释义 |
DictionarySeelock-up optionLockup option
Lockup optionOften used in risk arbitrage. Privilege offered a white knight (friendly acquirer) by a target company to buy crown jewels or additional equity. The aim is to discourage a hostile takeover. See: Shark repellent.Lockup OptionAn antitakeover measure in which a target company offers stock options to a white knight to purchase a great deal of equity in the company at a price that would be disadvantageous to a potential acquiring company. This is designed to encourage the potential acquiring company to abandon a hostile takeover attempt. It is also called a lock-up defense. |