Question

A proxy fight occurs when a company attempts to persuade the target company's shareholders to replace the existing management with one that is ________ the goals of the acquiring company.

Answer 1

The answer is sympathetic to. The proxy fight is considered to be a hostile takeover that the company attempt to acquire the shareholder of their target company to be able to vote in the current administrator and with an intention to dispatch them from the company and be replaced my the administrators of the new company.