No-Shop Covenant - Fiduciary Exception
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Definition
A No-Shop Covenant - Fiduciary Exception is a legal agreement that allows a target company's board of directors to consider alternative acquisition offers during a specified period, despite a prior agreement with an initial bidder, if the board determines that it is in the best interest of the company and its shareholders.
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Translations
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Additional Information
Metadata
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Description
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Identifier
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Deprecated
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Source and Origin
No source or origin information available