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

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

Paramount has said it plans to launch a proxy fight for board seats at Warner in order to secure a deal.

From The Wall Street Journal

Earlier this week, Paramount unveiled plans to launch a proxy fight for seats on the board of Warner Bros. and filed a lawsuit for more information about the deal with Netflix.

From The Wall Street Journal