The M&A Word of the Day® from the Book of Jargon® – Global Mergers & Acquisitions is Crown Jewels Lock-Up
We have previously commented on the lock-up requirement in connection with IPOs and noted that it has become somewhat more frequent for underwriters to release issuers and/or their shareholders (including directors and...more
Latham & Watkins partner Timothy FitzSimons explains the M&A term Crown Jewels Lock-Up, a term referring to an M&A technique where the critical assets of a target company are locked-up. For additional definitions of the legal...more
The Association of British Insurers’ guidelines recommend greater transparency in disclosures relating to lock-up agreements.
On 14 April, the Association of British Insurers (ABI) published best practice...more
FINRA, the largest independent regulator for all securities firms doing business in the United States, has released a set of FAQs relating to its review of public securities offerings filed on its Public Offering Filing...more
FINRA recently released a set of frequently asked questions (“FAQs”) relating to its public offering process and the Corporate Financing Rule (Rule 5110). The guidance provided in the FAQs is summarized...more
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