• Selling periods are time frames, usually one to two months, during which the target company can shop for a better deal.
  • Move-to-store clauses usually allow the original bidder to match any competing bids, and if the company is sold to another buyer, they are usually paid a break fee.
  • A no-buy clause means that the company cannot actively trade on the deal, which includes providing information to potential buyers or soliciting other offers.