When shareholders attempt to garner additional votes in an attempt to oust management,it is called a:
A) management buyout.
B) tender offer.
C) proxy contest.
D) poison pill.

Question

Quizplus · Accepted Answer

A proxy contest is when shareholders attempt to gather additional votes to change or replace management or the board of directors. A management buyout is when a company's management team purchases the company from its shareholders. A tender offer is a public offer to buy a significant portion of a company's shares. A poison pill is a defensive measure used by a company to make its shares less attractive to potential acquirers.

When Shareholders Attempt to Garner Additional Votes in an Attempt