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proxy fight
(redirected from Proxy contest)

   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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Another way to anticipate potential issues is to perform self-analyses to understand factors that may make the company the target of a proxy contest or an attractive takeover candidate.
If we have not concluded an agreement within the next three weeks, we will be compelled to take our case directly to your shareholders, including the initiation of a proxy contest to elect an alternative slate of directors," Ballmer said.
Prior to the proxy contest, the two funds had engaged the former management in discussions about the direction of the company, including divesting its precision components group.
 
 
 
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