proxy contest

proxy contest
proxy contest n: a shareholder's challenge to an action or the control of corporate management accomplished through the solicitation of proxies from other shareholders – called also proxy fight;

Merriam-Webster’s Dictionary of Law. . 1996.

proxy contest
+ proxy contest/proxy fight
USA
A tactic used by a party attempting a hostile takeover or a dissident group of stockholders to replace a company's existing board of directors with new directors that support the potential acquirer's or dissident stockholders' agenda and objectives. The initiator of the proxy contest (or proxy fight) attempts to secure a sufficient number of proxies (proxy) from the company's stockholders to vote such stockholders' shares in favor of the new group of directors.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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Look at other dictionaries:

  • Proxy contest — A battle for the control of a firm in which the dissident group seeks, from the firm s other shareholders, the right to vote those shareholder s shares in favor of the dissident group s slate of directors. Also called proxy fight. The New York… …   Financial and business terms

  • proxy contest — A battle for the control of a firm in which a dissident group seeks, from the firm s other shareholders, the right to vote those shareholders shares in favor of the dissident group s slate of directors. Bloomberg Financial Dictionary Also called… …   Financial and business terms

  • proxy fight — + proxy contest/proxy fight USA A tactic used by a party attempting a hostile takeover or a dissident group of stockholders to replace a company s existing board of directors with new directors that support the potential acquirer s or dissident… …   Law dictionary

  • proxy fight — 1) Often used in risk arbitrage. Technique used by an acquiring company to attempt to gain control of a takeover target. The acquirer tries to persuade the shareholders of the target company that the present management of the firm should be… …   Financial and business terms

  • proxy fight — a contest between factions of stockholders in a company, in which each group attempts to gain control by soliciting signed proxy statements for sufficient votes. Also called proxy battle. * * * …   Universalium

  • proxy fight — noun a measure used by an acquirer to gain control of a takeover target; acquirer tries to persuade other shareholders that the management of the target should be replaced • Hypernyms: ↑takeover attempt * * * a contest between factions of… …   Useful english dictionary

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  • Борьба доверенностей — борьба за контроль над фирмой, в ходе которой группа обособившихся акционеров добивается права голосовать своими акциями в пользу отдельного списка директоров. По английски: Proxy contest Синонимы английские: Proxy fight См. также: Общее собрание …   Финансовый словарь

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