According to the latest disclosed agreement terms, the collaboration agreement between Assertio Holdings, Inc. and Garda includes a 20-day "window shopping" clause.

This clause expressly permits Assertio to proactively engage with and negotiate with other potential transaction partners during this specific period. This arrangement provides Assertio with greater strategic flexibility, allowing it to fully assess market opportunities before finalizing a transaction. The establishment of the window period ensures the advancement of the current deal while still leaving space for the company to seek better cooperation options. Such clauses are common in merger and acquisition transactions, aiming to balance transaction certainty with the maximization of shareholder interests. Through this agreement, Assertio demonstrates a proactive approach to enhancing shareholder value.