topper fee

topper fee definition - business

topper fee

The penalty fee paid to a potential acquirer by a target company that accepts a higher subsequent offer from another firm. This special type of breakup fee is included in the acquisition agreement between the target company and the original acquiring firm that has been spurned.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.