Explain proxy fight

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter7: Types And Costs Of Financial Capital
Section7.3: Determining The Cost Of Debt Capital
Problem 3CC
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Explain proxy fight

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A proxy fight situation arises when a group of shareholders are not satisfied with the senior management and join to make an attempt of voting out the current management.

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