Proxy Fight

[Mark Zuckerberg]

A proxy fight occurs when a group of shareholders join forces and gather enough shareholder proxies to win a corporate vote. Sometimes referred to as a proxy battle,” this action is mainly used in corporate takeovers.

[Mary Mallozziberg]

a situation in which a group of investors that wants to take control of a company tries to persuade shareholders of that company to vote at shareholders meetings in a way that helps the investors achieve what they want:

[Quadirdith 0]

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