Change of Recommendation Covenant

Change of Recommendation Covenant - 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.

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Identification

Label (rdfs)
Change of Recommendation Covenant
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Definition and Examples

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
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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

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Additional Information

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