Lizzie is the CEO of a large corporation that offers accounting services to several companies.She has tried to acquire her closest rival,but her rival's management is opposed to the idea.In order to gain a competitive edge,Lizzie starts a campaign to persuade her rival company's shareholders to vote out its existing management in the hopes of replacing it with a management team more sympathetic to the goals of the acquiring company.Which method of acquiring a company is Lizzie using?

Question

Quizplus · Accepted Answer

Lizzie is using a proxy fight to gain control of her rival company. This involves attempting to persuade shareholders to vote out the existing management and replace them with a more amenable team. This method allows Lizzie to gain control of the rival company without having to acquire it through other means, such as a tender offer or conglomeration.

Lizzie Is the CEO of a Large Corporation That Offers