In a 1960s movie,an heiress sends out thousands of letters to shareholders in an attempt to have them vote for her and for the company to remain independent or to give her the right to vote for them.The opponent tried to get the shareholders to vote for his side and asked shareholders to give him the right to vote for them.What kind of corporate takeover technique was this movie about?
A) A proxy fight.
B) A tender offer.
C) A hostile merger.
D) A non-profit takeover.

Question

​In a 1960s movie,an heiress sends out thousands of letters to shareholders in an attempt to have them vote for her and for the company to remain independent or to give her the right to vote for them.The opponent tried to get the shareholders to vote for his side and asked shareholders to give him the right to vote for them.What kind of corporate takeover technique was this movie about?
A) ​A proxy fight.
B) ​A tender offer.
C) ​A hostile merger.
D) ​A non-profit takeover.

Quizplus · Accepted Answer

A proxy fight is a corporate takeover technique where a group of shareholders tries to gain control of a company by soliciting proxy votes from other shareholders. In the movie described, the heiress and her opponent are both trying to get shareholders to vote for their respective sides and proxy votes are being solicited. Therefore, the technique being portrayed in the movie is a proxy fight.

​In a 1960s Movie,an Heiress Sends Out Thousands of Letters

In a 1960s Movie,an Heiress Sends Out Thousands of Letters