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.

---

Example Sentences

The statement comes after Beretta acquired a nearly 10% stake in Ruger and last month nominated four directors to the company’s board, setting the stage for a potential proxy fight between the rival gun makers.

From The Wall Street Journal

Jana won a number of board seats, averting a proxy fight.

From The Wall Street Journal

Diana dismissed the counteroffer as a distraction tactic and nominated candidates to fill all the seats on Genco’s board of directors, setting up a potential proxy fight.

From The Wall Street Journal

Ancora then threatened to run another proxy fight at the company and struck a deal for more board seats.

From The Wall Street Journal

Paramount threatened to run a proxy fight to secure seats on Warner’s board and filed a lawsuit seeking to force Warner to release more information about its deal with Netflix.

From The Wall Street Journal