Proxy Contests
Learn how third-party acquirers and activist shareholders can use proxies to solicit votes in opposition to a company’s existing management.
Transcript
Hostile takeovers are a type of acquisition in which the acquiring company attempts to take control of a target company against the target’s wishes. Unlike other M&A transaction structures we’ve discussed, hostile takeovers bypass the target’s board. Hostile takeovers can be achieved through various tactics, including open-market equity purchases, tender offers, and proxy contests.
We’ve already discussed the first two; now, let’s learn about proxy contests.
I. Proxy Contest
Generally...
