Next Generation Bar Exam Quiz
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Client is the CEO of a public company that has agreed to be acquired by a private equity firm. The proposed merger agreement includes a no-shop clause that would prevent the target from soliciting or providing information to any competing bidder. The target's board wants to retain flexibility to accept a higher bid if one emerges before the shareholder vote. Which provision should the target's counsel insist on adding?
Which provision should the target's counsel insist on adding?
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