Washington Standstill Agreement between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GMBH

• Category: Corporations - Public - Standstill
• State: Multi-State
• Control #: US-EG-9214
• Format: Word; Rich Text

Description

Qualified Subsidiary Standstill Agreement between Sprint Corporation and NAB Nordamerika Beteiligungs Holding GMBH regarding the transfer of voting securities and the purchase of PCS common stock dated December 29, 1999. 19 pages. The Washington Standstill Agreement is a legal agreement between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH that encompasses several types of contracts and provisions. This agreement is mainly focused on maintaining the status quo between the two parties and preventing any hostile takeovers or changes in control. It serves as a safeguard to protect the interests of both organizations involved. Under the Washington Standstill Agreement, there are various types that can be identified, including: 1. Standard Standstill Agreement: This version of the agreement entails both companies agreeing to a set period during which they will not engage in any actions that could result in significant changes in the company's ownership or control. It aims to provide stability and a predictable environment for continued business operations. 2. Non-Disclosure Agreement (NDA) Standstill: In this type of agreement, both Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH commit to keeping confidential information private. They also agree not to disclose or use any confidential information that may have been shared during negotiations or other interactions between the parties. 3. Shareholder/Voting Agreement Standstill: This agreement specifically addresses the voting rights and shareholding activities between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH. It sets limitations on how the shares can be voted or transferred, ensuring stability and preventing any sudden changes in control. 4. Asset Sale Standstill Agreement: This type of agreement restricts Sprint Corp. from selling or disposing of certain assets or subsidiaries without the prior knowledge and consent of NAB Nordamerika Beteiligungs Holding GmbH. It is particularly relevant when it comes to protecting the value or strategic importance of specific assets. These variations of the Washington Standstill Agreement allow both Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH to establish clear boundaries, prevent hostile takeovers, and maintain a favorable business environment. It provides a framework for constructive negotiations and cooperation between the two entities while safeguarding their respective interests.

The Washington Standstill Agreement is a legal agreement between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH that encompasses several types of contracts and provisions. This agreement is mainly focused on maintaining the status quo between the two parties and preventing any hostile takeovers or changes in control. It serves as a safeguard to protect the interests of both organizations involved. Under the Washington Standstill Agreement, there are various types that can be identified, including: 1. Standard Standstill Agreement: This version of the agreement entails both companies agreeing to a set period during which they will not engage in any actions that could result in significant changes in the company's ownership or control. It aims to provide stability and a predictable environment for continued business operations. 2. Non-Disclosure Agreement (NDA) Standstill: In this type of agreement, both Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH commit to keeping confidential information private. They also agree not to disclose or use any confidential information that may have been shared during negotiations or other interactions between the parties. 3. Shareholder/Voting Agreement Standstill: This agreement specifically addresses the voting rights and shareholding activities between Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH. It sets limitations on how the shares can be voted or transferred, ensuring stability and preventing any sudden changes in control. 4. Asset Sale Standstill Agreement: This type of agreement restricts Sprint Corp. from selling or disposing of certain assets or subsidiaries without the prior knowledge and consent of NAB Nordamerika Beteiligungs Holding GmbH. It is particularly relevant when it comes to protecting the value or strategic importance of specific assets. These variations of the Washington Standstill Agreement allow both Sprint Corp. and NAB Nordamerika Beteiligungs Holding GmbH to establish clear boundaries, prevent hostile takeovers, and maintain a favorable business environment. It provides a framework for constructive negotiations and cooperation between the two entities while safeguarding their respective interests.