LONDON: British investors have called upon investment banks to stick closer to lock-up agreements
on sales of company shares after a major transaction, saying it would ensure more stable markets.
LLC is releasing a lock-up restriction with respect to certain shares of ServiceNow's common stock held by a director of ServiceNow to be sold in the proposed offering and, in addition, is granting a waiver to a specific provision found in all of the IPO lock-up agreements
that were entered into by ServiceNow and ServiceNow's security holders.
Securities law permits takeover bidders to enter into prebid lock-up agreements
with major target shareholders.
one of the world leaders in satellite-based digital radio services, today announced that it has entered into new lock-up agreements
extending through December 31, 2006 covering all shares held by Noah Samara and the other members of the Company's senior management and certain shares held by its directors and certain of its significant stockholders.
LLC, on behalf of itself and the other underwriters for ServiceNow's previously completed initial public offering of shares of common stock, is releasing a lock-up restriction with respect to certain shares of ServiceNow's common stock held by a director of ServiceNow to be sold in the proposed offering and, in addition, is granting a waiver to a specific provision found in all of the IPO lock-up agreements
that were entered into by ServiceNow and ServiceNow's securityholders.
Holding and Agora or in the lock-up agreements
concluded by Agora Holding and
TORONTO -- O&Y REIT Institutional Unitholders Enter into Lock-Up Agreements
in Support of Transaction
Nabors has entered into permitted lock-up agreements
(as contemplated by the Command rights plan) with shareholders and optionholders of Command who own or control an aggregate of 7,016,550 common shares of Command and options to acquire an aggregate of 526,250 common shares of Command, pursuant to which such shareholders and optionholders have agreed (subject to the terms and conditions of the lock-up agreements
) to deposit their common shares of Command (including common shares of Command acquired upon exercise of such options) pursuant to the offer intended to be made by, or on behalf of, Nabors.
Certain of Fastclick's management and significant stockholders entered into lock-up agreements
with the lead underwriters in Fastclick's initial public offering that may place restrictions on their ability to tender their shares in the exchange offer.
I believe lock-up agreements
should be used widely throughout the industry by people in my position.
OTCBB:PSDS) announced today that 19 shareholders have executed one-year lock-up agreements
with the Company insuring the Company, as well as the investing public that existing shareholders have continued faith in the future of the Company.
5% of its issued and outstanding common stock, have entered into lock-up agreements
under which they agree to vote their shares in favor of the Plan of Arrangement.