STANDSTILL AGREEMENT
A standstill agreement may be defined in two ways. First, it is a contract with the purpose of stopping or stalling a hostile takeover by either offering to repurchase the hostile bidder’s acquired shares or asking the hostile bidder to limit its holdings. By doing this, the target company is given time to plan and take preventive measures versus takeovers. Second, it is an agreement for the lender to end repayment demands for a loan from a borrower by rescheduling repayments in order to avoid bankruptcy and foreclosure. The agreement is within the consent of both the borrower and the lender.
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Currency abbreviation for the Botswana Pula, the official currency of the Republic of Botswana. Presented with the symbol P, the currency is subdiv ...
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An electronic computer system that connects the trading floors of all the main equity US exchanged. Essentially, the system allows any broker or ma ...
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