OTCPK:PILBF - Post by User
Post by
teachon Apr 20, 2016 9:18pm
167 Views
Post# 24791845
What does standstill agreement mean in this context?
What does standstill agreement mean in this context?I read this in the 2015 Management's Discussion And Analysis. The definition I found deals with a defence in case of a hostile takeover bid. Is Cemex promising not to attempt to takeover Polaris for the length of the strategic alliance, which ends September 2017?
"The Company has a long-term alliance with Cemex Inc. (“Cemex”), an international construction materials company. The alliance consists of a 10 year strategic alliance agreement, a standstill agreement, a 20 year supply and distribution agreement for northern California and a 10 year joint cooperation and development agreement"
https://www.polarismaterials.com/assets/downloads/1456872651PMC%202015%20FINAL%20MD&A%2003-01-2016%20-%20clean.pdf