crown jewel lockup agreement

Crown Jewel Lockup Agreement

An offer to sell the stock or assets of a company to an investor most desirable to management. A company makes a crown jewel lockup agreement when it is the target of a hostile takeover. A crown jewel lockup agreement is beneficial to management because the friendly investor will likely let managers keep their jobs, but it may violate management's fiduciary responsibility to act in the best interest of shareholders.

crown jewel lockup agreement

See lockup agreement.