proxy fight

American  

noun

1. a contest between factions of stockholders in a company, in which each group attempts to gain control by soliciting signed proxy statements for sufficient votes.

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Example Sentences

The firm didn’t explicitly say it plans to launch a proxy fight but leaves the door open to one.

From The Wall Street Journal

He was dragged into a bitter proxy fight with two billionaire investors, who challenged his strategy, succession plans and Disney’s 2019 purchase of much of Rupert Murdoch’s 21st Century Fox.

From Los Angeles Times

In December, he launched a proxy fight to replace several board members while the company looks for a new chief executive.

From The Wall Street Journal

Wilson has launched a proxy fight at the company, nominating three director candidates in an attempt to remake its board as it searches for a new chief executive officer.

From The Wall Street Journal

Earlier this month, Paramount said it plans to launch a proxy fight for Warner board seats.

From The Wall Street Journal