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no-shop period

no-shop period
 n.— «Avaya has agreed to be bought out by Silver Lake and TPG Capital, two private equity firms with significant technology holdings, but analysts have said Avaya likely will be saddled with more debt by the deal. “We’re now in what’s called the no-shop period,” Avaya spokeswoman Lynn Newman said Wednesday. During that time, the federal Securities and Exchange Commission will review the preliminary proxy statement Avaya filed last week, spelling out financial details of the transaction.» —“Avaya: No further buyers step up, $8.2 billion deal on track” by Linda A. Johnson Newsday (Long Island, New York) July 25, 2007. (source: Double-Tongued Dictionary)

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