Lizzie is the CEO of a large corporation that offers accounting services to several companies. She has triedto acquire her close
st rival, but her rival's management is opposed to the idea. In order to gain a competitive edge, Lizzie starts a campaign to persuade her rival company's shareholders to vote out its existing management in the hopes of replacing it with a management team more sympathetic to the goals of the acquiring company. Which method of acquiring a company is Lizzie using?a. synergistic value b. conglomeration c. cooperative takeover d. tender offer e. proxy fight
It refers to the process by which the shareholders joining forces in the bid collect sufficient shareholder proxies , in order to win the votes , is referred to as proxy fight .
The method is commonly practiced in various business to have a upper hand over others .
