crown jewel lockup agreement(redirected from Crown Jewel Lockup Agreements)
Crown Jewel Lockup Agreement
An offer to sell the stock or assets of a company to an investor most desirable to management. A company makes a crown jewel lockup agreement when it is the target of a hostile takeover. A crown jewel lockup agreement is beneficial to management because the friendly investor will likely let managers keep their jobs, but it may violate management's fiduciary responsibility to act in the best interest of shareholders.
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crown jewel lockup agreement
See lockup agreement.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.