In finance what is a proxy fight ??
A proxy fight is:
a)Used by non-owners in an effort to buy the company.
b)Used by current owners to affect management control
c)Used my managers to evict certain or all board members
d)Used only after union talks have failed.
e)none of the above
What is proxy fight?
A strategy used by an acquiring company in its attempt to take control of a target company. The acquirer and target solicit the target's shareholders to obtain proxy votes. Whichever company obtains more votes, wins--that is, if the acquirer receives the majority of the proxy votes, it has effectively gained control of the target without paying a premium price for the firm
so to answer your question... i dont know
Reply:I think the answer is either a) or e).
A proxy fight is when someone hires someone else to fight for something for them.
Reply:It's when a bunch of proxies go out back and fight.
Do your own homework.
Reply:B
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