We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Sticky fingers

21 February 2013 By Reynolds Holding

Deals like the $8.2 bln sale of NYSE include so-called “crown jewel” lockups, which hand over valuable assets even if a transaction fails. Courts have looked askance at such side agreements, but they’re creeping back. The potential benefits may rob shareholders of a higher bid.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)