Proxy Fight

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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 ?
Speaking at the 37th Session of UN Human Rights Council's general debate, Director European Foundation for South Asian Studies (EFSAS), Junaid Qureshi, said, "After three decades of Pakistan's proxy war and the planned murder of our composite culture, Kashmiri boys, coerced and brainwashed into believing Pakistan's propaganda, are laying down arms and returning to their families.
BBC PERSIAN VIDEO REPOTAGE: Saudi Arabia has been recruiting thousands of Afghans for its proxy war in Yemen.
In an interview given to Sputnik news agency published on Friday, Tourjman said that there's a connection between al-Nusra and the US due to the new American policy in the region which is proxy war.
The separatist elements in the Valley are fighting a proxy war against India with the help of imported terrorists and funding from Pakistan with nefarious designs and for the cause of socalled azadi ( freedom movement)," BJP state spokesman Balbir Ram Rattan said.
But observers fear a proxy war bet- ween the rivals who back opposing sides in Yemen and in Syria.
But observers fear a proxy war between the rivals who back opposing sides in Yemen and Syria.
Why is this proxy war escalating at the same time the outside powers are holding diplomatic talks about resolving the conflict?
She further said that the current government once again was sending state's troops in another proxy war in Middle East by exploiting the sentiments of the public.
But the struggle for Yemen is more than merely a sectarian conflict or a regional proxy war, in part because of the singular role of Ali Abdullah Saleh, the country's former strongman.
WASHINGTON, Rabi'II 29, 1436, February 18, 2015, SPA -- The United States said Tuesday that it was not in Ukraine's or the world's interest to get into a proxy war with Russia over eastern Ukraine.
Right when he was warning the nation about the possibility of an Indian proxy war against Pakistan on Afghanistan soil our army chief was briefing the U.
Karachi: The departure of Nato combat forces from Afghanistan could push India and Pakistan towards a proxy war in the troubled nation, Pakistan's former military ruler General Pervez Musharraf warned in an interview.