From Longman Business Dictionarystandstill agreementˈstandstill aˌgreementFINANCE in an unwanted takeover, an agreement between a company and the BIDDER (=someone trying to take control of it) in which the bidder agrees not to buy any more shares in the company for a particular period of time in return for more power on the board etcIt signed a standstill agreement under which it promised not to increase its holding for three years. → agreement
