   
|
|
Proxy Fight
|
| FYI - For 2011, Dow up, Dogs of the Dow up more (double digits) |
| |
A proxy fight is a strategy typically used during a hostile takeover. A proxy fight occurs when the acquiring company tries to persuade shareholders to use their proxy votes to install new management, which the acquiring company hopes will be more open and receptive to the takeover. If the shareholders agree to the proxy fight, they'll attempt to gather enough proxies to win a corporate vote. A proxy fight is a way for the acquiring company to more easily takeover its target by forcing the board to accept the deal's terms through the use of proxies. A proxy fight may also be called a proxy contest. Though common, a takeover need not be the catalyst for a proxy fight. A proxy fight may also occur when a group of shareholders opposes the company's management and/or position on particularly significant matters.
Rate this proxy fight definition...
|
|
Where is the market headed? The answer may surprise you. Find out
right now with the exclusive & Barron's recommended charts of Chart of the Day.
|
Popular Terms: annual return, inflation, deferred tax, margin rate, open position, command economy, diluted share, current ratio, Key Rate Duration, in escrow, labor relations, option premium, cancelled check, deferred revenue, FICO score, 1035 exchange, stock split, LIBOR, average price per share, class C shares, wholly-owned subsidiary, stock market close, irrevocable trust, liquidity ratio, ex-dividend date, balance sheet, limit order, risk management, ex-dividend, Zero Cost Collar, quality assurance, 1031 exchange, FTSE, covered put, implied volatility, dividends payable, real GDP, APR, debt service coverage, 144a, minority interest, phantom income, 401a, VIX, required rate of return, per diem, EBITDA, reverse mortgage, retained earnings
|
|
| |