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proxy fight
(redirected from Proxy battle)

    Also found in: Financial, Wikipedia 0.01 sec.
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Noun1.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 the target should be replaced
takeover attempt - an attempt to take control of a corporation
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Ultimately, he agreed to drop the proxy battle in exchange for a board seat for himself and two other people he handpicked.
Investor Carl Icahn quits Yahoo board by Network World Middle East
Icahn and other investors launched a proxy battle earlier this year against Amylin Pharmaceuticals, the San Diego biotech company unsheathed a tactical weapon that has become the choice du jour for a growing number of companies eager to ward off corporate raiders.
A HOT WEAPON IN PROXY BATTLES by Ronald Grover / BusinessWeek
Icahn has opened the door for Microsoft to swoop in as white knight and buy Yahoo in a friendly deal without instigating the proxy battle it had threatened.
Icahn's Yahoo fight opens doors for Microsoft by Gulf Daily News (Manama, Bahrain)
 
 
 
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