A standstill agreement provides various levels of protection and stability to a target firm in a hostile takeover and encourages an orderly sale process. It refers to an agreement between the parties to refrain from taking any further action. For example, a firm may agree to refrain from making… View Full Term
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This article was co-written by Victoria Hughes and Melanie Sanchez, Associates at the Toronto, Canada office of Blake, Cassels, Graydon LLP. What is a Search Fund? A search fund is a specialized form of private equity fund...