contract by which the bidding firm in a takeover attempt agrees to limit its holdings of another firm. Bloomberg Financial Dictionary
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standstill agreement UK US noun [C]
► FINANCE a written agreement in which the person or organization that is trying to take control of a company agrees not to buy any more shares in the company, or to sell back the shares they have: »
They currently own 51% of the group and have decided to sign a standstill agreement not to buy any more shares before October 2012.
► FINANCE, LAW an agreement between two people or companies in which the person or company lending money agrees that the loan need not be paid back for a period of time: »
The company has a standstill agreement on its debt repayments.
Financial and business terms. 2012.