A technique used to gather enough stockholder votes to control a targeted company is a
A) tender offer.
B) stockholder fight.
C) proxy fight.
D) porcupine fight.
E) poison pill.

Question

Quizplus · Accepted Answer

A proxy fight is a technique used to gather enough stockholder votes to control a targeted company. In a proxy fight, a dissident group of shareholders solicits proxies from other shareholders to vote in favor of their proposed slate of directors or other corporate actions. This allows them to gain control of the targeted company without having to launch a full-scale tender offer or engage in a stockholder fight. The other choices (A, B, D, and E) are not relevant to this specific technique.

A Technique Used to Gather Enough Stockholder Votes to Control