Takeovers: matching rights and deal protection - market practice analysis | Practical Law

Takeovers: matching rights and deal protection - market practice analysis | Practical Law

Against the background of a booming public takeover market, an increasing number of bidders are seeking protection for their deals by asking target companies to supplement break fees with matching rights that give the recommended bidder the right to keep its recommendation if it betters or matches a competing bid.

Takeovers: matching rights and deal protection - market practice analysis

Practical Law UK Legal Update 5-205-6304 (Approx. 6 pages)

Takeovers: matching rights and deal protection - market practice analysis

by Sara Catley, PLC.
Published on 03 Nov 2006United Kingdom
Against the background of a booming public takeover market, an increasing number of bidders are seeking protection for their deals by asking target companies to supplement break fees with matching rights that give the recommended bidder the right to keep its recommendation if it betters or matches a competing bid.