proxy fight
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Definition(s):
- (n) 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
Usage(s):
- His fictional proxy fight leans heavily on recent headline-splashing struggles, notably the Louis Wolfson-Sewell Avery duel for Montgomery Ward.
- To win a 1932 proxy fight, he knocked on doors again, getting all those working-class shareholders to give him their votes.
- He stepped back in as a consultant a couple of months later when a stockholders' proxy fight developed because of proposals from two competing airlines to buy Colonial.
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incendiary
/ɪn ˈsɛn di ɛ ri /
/ɪn ˈsɛn di ɛ ri /