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Proxy fight |
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Proxy fightOften used in risk arbitrage. Technique used by an acquiring company to attempt to gain control of a takeover target. The acquirer tries to persuade the shareholders of the target company that the present management of the firm should be ousted n favor of a slate of directors favorable to the acquirer, thus enabling the acquiring company to gain control of the company without paying a premium price.Proxy fight Similar MatchesOmnibus ProxyOmnibus ProxyA list issued by depositories detailing their participants, and their holdings, and authorizing the participants to vote their proxies directly. This type of proxies are issued by Cede & Co. and by certain bank custodians. Proxy voteProxy voteVote cast by one person or entity on behalf of another. Proxy SolicitorProxy SolicitorA specialist (firm) hired to gather proxy votes. Duplicate ProxyDuplicate ProxyA second proxy received on an account. If the second proxy bears a more recent date than the first proxy, and has a different voting pattern, the second proxy will override the first. ProxyProxyA person who acts on behalf of a member of a company for the purpose of voting at a company meeting. Further SuggestionsProxy Committee Ballot |
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