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lock-up option

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ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.lock-up option - an option to buy the crown jewels offered to a white knight in order to forestall a hostile takeover
option - the right to buy or sell property at an agreed price; the right is purchased and if it is not exercised by a stated date the money is forfeited


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? Mentioned in ? References in periodicals archive
 
Ambanc's tender offer is subject to certain contingencies, including the satisfaction of a minimum tender condition, the Cohoes stockholders not approving the proposed Hudson River merger, valid termination of the lock-up option granted to Hudson River, customary bank regulatory approvals, and the execution of a definitive merger agreement to provide for the merger of Cohoes with and into Ambanc.
Ambanc Commences Tender Offer for Cohoes Bancorp for $16.50 Per ... by Business Wire
Ambanc's tender offer is subject to certain contingencies, including the satisfaction of a minimum tender condition, Cohoes stockholders not approving the proposed Hudson River sale, valid termination of the lock-up option granted to Hudson River, customary bank regulatory approvals, approvals by the Cohoes' Board of Directors and Cohoes stockholders necessary to remove anti-takeover obstacles, and satisfactory completion of due diligence.
Ambanc Raises Offer Price and Will Commence Tender Offer for Cohoes ... by Business Wire
25 per share, in cash, incorporates the cost of the lock-up option, which Ambanc estimates to be $1.
Ambanc Requests Shareholder List From Cohoes by Business Wire
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