proxy fight

noun

1. a contest between factions of stockholders in a company, in which each group attempts to gain control by soliciting signed proxy statements for sufficient votes.

Example Sentences

Achieving profitability in Disney’s streaming business has been a top priority for Iger, who earlier this year held off activist investor Nelson Peltz in a proxy fight.

From Los Angeles Times

Instead, the Israeli prime minister delivered a fiery defence of Israel’s military campaign, framing it as a proxy fight against Iran that must be won at all costs.

From BBC

It was part of a big push by Arkhouse to get a total of nine new board members and ignited a proxy fight.

From Seattle Times

Disney shareholders have reason to hope that the conclusion of the proxy fight will remove a distraction and enable Iger and the board to focus more on the task ahead.

From Los Angeles Times

Wednesday is the deadline for Disney shareholders to vote in what is expected to be the most expensive proxy fight in history.

From New York Times