proxy fight

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Definitions from WordNet

Noun proxy fight has 1 sense

proxy fight - a measure used by an acquirer to gain control of a takeover target; acquirer tries to persuade other shareholders that the management of the target should be replaced
--₁ is a kind of takeover attempt

Definitions from the Web

Proxy Fight

Noun:

A proxy fight refers to the process in which shareholders seek to gain control over a company's decision-making by soliciting support from other shareholders to vote in favor of specific resolutions or to elect certain individuals to the board of directors.

Example Sentence:

During the proxy fight, the activist shareholders were successful in gaining enough support to replace the current board of directors.

Verb:

To proxy fight means to engage in a campaign to gain control over a company through the persuasion of shareholders.

Example Sentence:

The investor group has been proxy fighting large corporations to influence their strategic decisions.

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