Proxy Fight

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Related to Proxy wars: Marxism, Korean War, cold war, Cuban Missile Crisis

Proxy fight

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.

Proxy Fight

Competition of outside group with management for stockholders' proxies in order to accumulate votes to elect a new board of directors.

Proxy Fight

A situation in which two investors (usually two companies) compete with one another in the attempt to gain the proxy votes of shareholders in a third company. The two investors engage in the proxy fight because both wish to have enough proxy to elect a new board of directors that will effectively do whatever the investor wants. The winner of a proxy fight, if any, is able to control the third company through the board of directors and does not need to directly acquire it, though many often do anyway.

proxy fight

A contest among two or more opposing forces to solicit stockholders' proxies and, in effect, to gain control of the firm through the election of directors. It is usually quite difficult to wrest control from the existing management through a proxy fight, but the tactic has been used, for example, by some suitors in takeover attempts.
References in periodicals archive ?
It said that all external forces involved in destabilising activities in Pakistan, including proxy wars, especially after Nawaz Sharif compromised with many of those external actors, must be exposed and told firmly these activities will not be tolerated.
They realize that exhausting them will not be only in material terms, and that there are in fact preparations being made to wear them down through proxy wars in their own arenas.
It does not want a proxy war between Iran and the United States on Afghanistan.
It alone has the power to authorize or declare a war of the magnitude toward which we may be headed because of proxy wars about which the American people know next to nothing.
Those who've waged proxy wars for foreigners on Afghan soil for twenty years?
Today, the enemy is seeking to overthrow the Islamic Revolution through different threats, soft wars, economic sanctions and proxy wars," Pourdastan said, addressing a gathering near the Northern city of Amol last year.
Alluding to the upcoming US withdrawal from Afghanistan, Mushahid expressed his apprehensions about possible eruption of proxy wars in the country.
Visiting Afghan President Hamid Karzai, calling India a friend and Pakistan a twin brother of Afghanistan, Thursday voiced strong aversion to proxy wars in his conflict-devastated country.
Some 100 documents are presented in thematic, roughly chronological, sections covering the end of World War II and the emergence of the "Iron Curtain," the Marshall Plan and the Berlin Airlift, the Korean War, McCarthyism, events "behind the Curtain," the hot Cold War of the late 1950s and early 1960s, Soviet-Western military rivalries and nuclear politics, the Bay of Pigs and the Cuban Missile Crisis, the Vietnam War, Detente and Sino-Soviet- American relations, proxy wars in Latin America and Asia, the Reagan era, the collapse of the Soviet Union, and Russia in the post-Cold War era.
According to this mentality, the arms race and a dozen little proxy wars were just a part of our cavalry's pacification of the hostiles.
Noting that Iran is also involved in a full-scale war against the West, Jalali said, "They are seeking to create insecurity in the countries around Iran through proxy wars and we should know that all equipment, intelligence and logistics for all these measures against Iran are supplied by the US.
The statement claimed that Saudi Arabia, UAE and Iran have made Pakistan a testing site for their proxy wars but our government shall ensure that it protects its citizens against all such conspiracies and interventions.