Steven M. Davidoff Solomon and Christina M. Stautter,
Lock-Up Creep, 38
J. Corp. L.
Available at: http://scholarship.law.berkeley.edu/facpubs/2306
In recent years, the number and type of merger agreement lock-ups have significantly increased, a phenomenon we term "lock-up creep". Not only have new lockups arisen, but the terms of these lock-ups have become ever-more negotiated, intricate, and varied This Article analyzes the causes of lock-up creep and assesses lock-up creep's effect on the takeover market.