Go Shop

"Go shop" refers to a provision in a merger or acquisition agreement that allows the target company to actively seek alternative offers from potential buyers for a specified period of time. During this period, the target company has the opportunity to explore other potential acquisition proposals and engage in negotiations with competing bidders. The purpose of a go shop provision is to ensure that the target company's shareholders have a chance to evaluate and potentially receive a higher offer than the one initially agreed upon.

Investment Banking