Change of Recommendation Covenant

A Change of Recommendation Covenant is a provision in a deal protection agreement that requires a target company's board to recommend a new offer to its shareholders, even if it is less favorable than a previous offer, in exchange for certain protections for the acquirer.

IRI: http://lmss.sali.org/R7lw1kvfDrIqvdTv04QYbIP
Branch: Objectives
Children: 2

Also known as

Alteração da Cláusula de Recomendação, Cambio del Convenio de Recomendación, Cambio del Convenio de Recomendación, Change of Recommendation Covenant, Changement de la clause de recommandation, Änderung der Empfehlungsklausel, שינוי ברית ההמלצה, सिफारिश निवेदन का बदलाव, 建议变更契约, 推奨規定変更

Ancestry path

Objectives Transactional Objectives Mergers and Acquisitions Objectives Deal Protection and Related Provisions

Children 2

Fiduciary Exemption to Change of Recommendation Covenant
Matching Rights Language

Generated from sali-legal/LMSS at 3f9ac0c9357b (2026-03-10). JSON