Listen to a Business English Dialogue About Standstill agreement
Kyle: Hey Avery, have you ever heard of a standstill agreement?
Avery: No, what’s that?
Kyle: It’s an agreement between a company and a potential acquirer that limits the acquirer’s ability to buy more shares or take other actions to gain control of the company for a specified period.
Avery: So, it’s like a temporary pause button on a takeover attempt?
Kyle: Exactly. It gives both parties time to negotiate and explore alternatives without the threat of hostile takeover tactics.