The agreement of the tender offeror to abandon its tender offer and not purchase any additional stock is called a standstill agreement.

Question

Quizplus · Accepted Answer

A standstill agreement is an agreement between the tender offeror and the target company where the tender offeror agrees to not purchase additional stock and abandon its tender offer, typically in exchange for certain concessions or benefits from the target company.

The Agreement of the Tender Offeror to Abandon Its Tender