{"iri":"https://folio.openlegalstandard.org/R7lw1kvfDrIqvdTv04QYbIP","label":"Change of Recommendation Covenant","sub_class_of":["https://folio.openlegalstandard.org/R8S6XHMUuU5cg5gdDri7LuL"],"parent_class_of":["https://folio.openlegalstandard.org/R8rgsxWmEx8qQqXMEtuobJx","https://folio.openlegalstandard.org/RQgpAo5GFhGAvTuB5ZwKO3"],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{"pt-br":"Alteração da Cláusula de Recomendação","es-es":"Cambio del Convenio de Recomendación","es-mx":"Cambio del Convenio de Recomendación","en-gb":"Change of Recommendation Covenant","fr-fr":"Changement de la clause de recommandation","de-de":"Änderung der Empfehlungsklausel","he-il":"שינוי ברית ההמלצה","hi-in":"सिफारिश निवेदन का बदलाव","zh-cn":"建议变更契约","ja-jp":"推奨規定変更"},"hidden_label":null,"definition":"A Change of Recommendation Covenant is a provision in a deal protection agreement that requires a target company's board to recommend a new offer to its shareholders, even if it is less favorable than a previous offer, in exchange for certain protections for the acquirer.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}