A competitive struggle between two corporate factions for the proxy votes from shareholders needed to control a corporation.
only a rival stockholder willing to engage in a proxy fight could unseat him
Example sentencesExamples
- Microsoft Corp. will approve a proxy fight in its bid to buy Yahoo Inc. this week.
- In extreme cases shareholders can band together and try to oust current management in a proxy fight.
- Icahn controlled almost 8 percent of the company's stock and was threatening a proxy fight to gain board seats.
- The ads are a prelude to what's sure to be one of Asia's most contentious proxy fights.
- Shareholder proxy fights are also gaining energy from this season of scandals.