A strategy that may accompany a hostile takeover. A proxy fight occurs when...
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 ousted n favor of a slate of directors favorable to the acquirer, thus enabling the acquiring company to gain control of the company without paying a premium price.
Competition of outside group with management for stockholders' proxies in order to accumulate votes to elect a new board of directors.
a way of gaining control of a company by persuading other shareholders to let you vote for them (as proxies) at the annual general meeting.
A battle for control of firm by voting in a new slate of directors.
When two or more groups, of which a corporation's management is usually one, oppose each other concerning a matter to be voted on at a meeting of the corporation's shareholders. The opposing groups each solicit proxies, hire proxy solicitors, and mail out proxy statements and cards to attract shareholders' votes to their position.
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
an attempt by a stockholder to have a proposal approved or rejected at shareholders meeting by persuading other shareholders to support the position
Proxy Solicitor Proxy vote
Strategy used by an acquiring company in a hostile takeover attempt whereby the acquirer challenges the target company's management and solicits support from the target company's shareholders for proposals that would effectively give the acquiring company control of the target without having to pay a premium. AKA: Proxy battle
An attempt by a dissident group to take over the management of a corporation. The group sends proxies electing them to the board; the current management sends proxies favoring them. The shareholders cast their votes by selecting one proxy or the other.
Used by dissenting shareholders to persuade other shareholders to vote against, or to abstain in voting on, actions proposed by management; a strategy used by an acquiring company in a hostile takeover attempt whereby shareholders give the acquiring company control of the company without having to pay a premium.
A contest for control of a company in which one or more companies, groups or individuals seek proxies from a company's shareholders to back a takeover attempt. The acquirer tries to persuade the shareholders of the target company that the present management of the firm should be ousted in favor of a slate of directors favorable to the acquirer. If the shareholders, through their proxy votes, agree, the acquiring company can gain control without paying a premium price for the firm.
A strategy used by an acquiring company to attempt to gain control of the takeover target. The acquirer attempts to persuade shareholders of the target company that present management should be ousted in favor of a slate of directors sympathetic to the acquirer. If the shareholders agree, through their proxy votes the acquiring company can gain control of the company without paying a premium price for the target company.
A strategy used by an acquiring company in its attempt to take control of a target company. The acquirer and target solicit the target's shareholders to obtain proxy votes. Whichever company obtains more votes, wins--that is, if the acquirer receives the majority of the proxy votes, it has effectively gained control of the target without paying a premium price for the firm. See: Acquisition; Proxy; Takeover; Target Company
Proxy fight is an event that may occur when opposition develops to a corporation management among its stockholders. Corporate activists may attempt to persuade shareholders to use their proxy votes (i.e. votes by one individual or institution as the authorized representative of another) to install new management for any of a variety of reasons.