A strategy that may accompany a hostile takeover. A proxy fight occurs when the acquiring company attempts to convince shareholders to use their proxy votes to install new management that is open to the takeover. The technique allows the acquired to avoid paying a premium for the target.
Related information about proxy fight:
- Proxy fight - Wikipedia, the free encyclopedia
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 ...
- Proxy Fight Definition | Investopedia
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 ...
- Navistar Board Deal Avoids Proxy Fight - WSJ.com
Oct 8, 2012 ... Truck maker Navistar agreed to appoint three directors nominated by activist investors Carl Icahn and Mark Rachesky, avoiding a proxy fight ...
- What is proxy fight? definition and meaning
Definition of proxy fight: A strategy that may accompany a hostile takeover. A proxy fight occurs when the acquiring company attempts to convince shareholders ...
- Proxy Fight - Financial Dictionary - The Free Dictionary
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 ...
- proxy fight - definition of proxy fight by the Free Online Dictionary ...
Noun, 1. proxy fight - a measure used by an acquirer to gain control of a takeover target; acquirer tries to persuade other shareholders that the management of ...
- Navistar Yields To Icahn To Avoid Proxy Fight - Forbes
Oct 8, 2012 ... Under pressure, company reaches agreement with activist investors.
- Biglari loses proxy fight with Cracker Barrel - San Antonio Express ...
Nov 15, 2012 ... Cracker Barrel shareholders on Thursday overwhelmingly rejected bids by Biglari, chairman and CEO of Biglari Holdings Inc., and its vice ...