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Lockup
(redirected from Lock-Up Agreement)

    Also found in: Medical, Financial, Encyclopedia, Wikipedia 0.06 sec.

A place of detention in a police station, court or other facility used for persons awaiting trial. In corporate law, a slang term that refers to the setting aside of Securities for purchase by friendly interests in order to defeat or make more difficult a takeover attempt. A lockup option is a takeover defensive measure permitting a friendly suitor to purchase divisions of a corporation for a set price when any person or group acquires a certain percentage of the corporation's shares. To be legal, such agreement must advance or stimulate the bidding process, to best serve the interests of the shareholders through encouraged competition.
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? References in periodicals archive
Woods Equipment Company and its subsidiary, WEC Company, announced that a lock-up agreement has been reached with the holders of WEC's 12% Senior Notes due 2009 and Woods' 15% Senior Discount Debentures due 2011 to restructure the company's debt.
Woods Equipment Company and its subsidiary, WEC Company, announced ... by Implement & Tractor
Also on October 30, 2006, Osiris entered into a Lock-up Agreement with Peter Friedli, Chairman of the Board of Directors of Osiris, and certain entities with which he is affiliated.
Osiris Announces Third Quarter Results with Osteocel(R) Sales Growth ... by Business Wire
NEW YORK & TEL AVIV, Israel -- BrainStorm Cell Therapeutics (OTCBB:BCLI), the developer of NurOwn(TM) bone marrow derived stem cell therapeutic products for the treatment of neurodegenerative diseases, announced today that the company has received signed agreements from certain of the company's shareholders, representing 7,810,000 shares of the company's issued and outstanding shares, to extend a lock-up agreement with respect to their shares, until Dec.
BrainStorm Shareholders Extend Lock-Up Agreement by Business Wire
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