proxy fight

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 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.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • 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 proxy fight or proxy battle is an event that may occur when a corporation s stockholders develop opposition to some aspect of the corporate governance, often focusing on directorial and management positions. Corporate activists may attempt to… …   Wikipedia

  • 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

  • Proxy Fight — When a group of shareholders are persuaded to join forces and gather enough shareholder proxies to win a corporate vote. This is referred to also as a proxy battle. This term is used mainly in the context of takeovers. The acquirer will persuade… …   Investment dictionary

  • 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. Merriam Webster. 1996. proxy …   Law dictionary

  • Proxy — may refer to something which acts on behalf of something else, as in:* Proxy (statistics), a measured variable used to infer the value of a variable of interest * Proxy (climate), a measured variable used to infer the value of a variable of… …   Wikipedia

  • 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 war — A proxy war is the war that results when two powers use third parties as substitutes for fighting each other directly.While powers have sometimes used whole governments as proxies, terrorist groups, mercenaries, or other third parties are more… …   Wikipedia

  • Proxy Armies in the 20th Century — Various nations have used proxy armies to fight their wars and to protect their interestsProxy Armies of the former Soviet UnionVarious Marxist rebels were proxy armies for the Soviet Union ranging from Angola to Vietnam. These organizations were …   Wikipedia

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