Definitions for "proxy fight"
A strategy that may accompany a hostile takeover. A proxy fight occurs when...
Often used in risk arbitrage. Technique used by an acquiring company to attempt to gain control of a takeover target. The acquirer tries to persuade the shareholders of the target company that the present management of the firm should be ousted n favor of a slate of directors favorable to the acquirer, thus enabling the acquiring company to gain control of the company without paying a premium price.
Competition of outside group with management for stockholders' proxies in order to accumulate votes to elect a new board of directors.