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Go-shop provision
A provision allowing a seller to continue to solicit other bidders for a specific time period after an agreement has been signed but before closing. However, the seller that accepts another bid must pay a breakup fee to the bidder with which it had a signed agreement.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking; Business services
- Category: Mergers & acquisitions
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