proxy fight


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.

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The proxy fight was a tool in the tool box of the company that was used to prevent the takeover.

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There was a proxy fight and all of the shareholders wanted their proxy vote to go a certain way and crate a certain outcome.

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The proxy fight in a takeover can be compared to the story of the Trojan horse in that it represents a takeover that initiates within the company for the purpose of acquisition.

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