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

Question

3 years ago

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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 hostile merger. a tender offer

Business

1 answer:

Vitek1552 [10] · Answer 1 · 2022-03-01T02:27:31+03:00

Answer:

The kind of corporate takeover technique implemented in the film is proxy fight.

Explanation:

A proxy fight is termed as a technique where two corporate factions ask the stakeholders for the proxy votes such that the right of voting is transferred.

In this case both the parties, the heiress as well as the opponent is asking for the right of vote from stakeholders so that they can decide the corporate future. This is the key feature of the proxy fight and thus this is the correct option.