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Proxy fight

 

Shareholders of a public corporation may appoint an agent to attend shareholder meetings and vote on their behalf. That agent is the shareholder's proxy. A proxy fight or proxy battle is an event that may occur when a corporation's stockholders develop opposition to some aspect of the corporate governance, often focusing on directorial and management positions. Corporate activists may attempt to persuade shareholders to use their proxy votes (i.e. votes by one individual or institution as the authorized representative of another) to install new management for any of a variety of reasons. Read More

Headlines Around the Web

Minority investors hold sway over Impregilo

Jul 05, 2012 - Financial Times

Proxy fight averted with Yahoo reshuffle

May 18, 2012 - Financial Times

Yahoo CEO caught padding his resume

May 04, 2012 - CNN Money

Iron Mountain in investors' dispute

Mar 24, 2011 - Financial Times

Icahn names Lions Gate board candidates

Nov 27, 2010 - MarketWatch

Eisman threatens Genworth with proxy battle

Oct 30, 2010 - MarketWatch

Articles About Proxy fight

Sony CEO asks for patience as shareholders press on spinoff plan

By Reuters

Sony Corp <6758.T> shareholders pressed its chief executive for a response to hedge fund Third Point's proposal for a partial spinoff of its profitable entertainment arm but Kazuo Hirai pleaded for patience as management reviews the bold plan. (Jun 20, 2013)

MORE TOPICS: APPLE INC., SAMSUNG, JAPAN, MANAGEMENT, SONY

Sony spin-off plan off the agenda but on the radar at shareholder meeting

By Reuters

Sony Corp's top investor Daniel Loeb will miss its shareholder meeting on Thursday and those attending will not be considering his proposal to partially spin off the lucrative entertainment business, sources familiar with the matter said. (Jun 19, 2013)

MORE TOPICS: APPLE INC., SAMSUNG, JAPAN, NEW YORK, MANAGEMENT, SONY

Big investor urges Smithfield breakup over buyout

By Reuters

Starboard Value LP revealed a major stake in Smithfield Foods Inc on Monday and urged the world's largest pork producer to explore a breakup rather than go ahead with a planned $4.7 billion takeover by Chinese meat company Shuanghui International. (Jun 18, 2013)

MORE TOPICS: CHINA, NEW YORK, MICHIGAN

Hedge fund billionaire Loeb says Sony reminds him of Yahoo

By Reuters

Billionaire hedge fund manager Daniel Loeb says Sony Corp reminds him of Yahoo Inc before he waged a bitter proxy fight that triggered a boardroom shake-out at the Internet company last year. (May 15, 2013)

MORE TOPICS: GOOGLE INC., APPLE INC., SAMSUNG, FACEBOOK, JAPAN, NEW YORK

Hedge fund proposes revamped Hess board to end proxy fight

By Reuters

The activist investor engaged in a proxy battle with Hess Corp <HES.N> has proposed a new board for the oil producer that would include all nominees put forward by both sides ahead of a vote on Thursday. (May 14, 2013)

MORE TOPICS: GENERAL ELECTRIC, RETAIL, MANAGEMENT

Hedge fund faces challenge in Tim Hortons shakeup bid

By Reuters

Highfields Capital, a U.S. hedge fund agitating for change at Tim Hortons Inc, may have a hard time convincing institutional investors that the chain that says it sells eight out of every 10 cups of coffee in Canada needs a wake-up call. (May 02, 2013)

MORE TOPICS: CITIGROUP, RETAIL, NEW YORK, MANAGEMENT, INVESTMENT

Icahn refuses to drop proxy fight option: WSJ

By Reuters

Billionaire investor Carl Icahn is refusing to drop the option of a proxy fight to force Dell Inc to pay a big dividend, in spite of the board committee's request that he drop his threats and launch a formal bid for the company, the Wall Street Journal reported. (Apr 07, 2013)

MORE TOPICS: CARL ICAHN, MICHAEL DELL, DELL, SILVER

Icahn and Blackstone in Talks over Joint Bid for Dell

By IBTimes UK

Billionaire Carl Icahn is said to be in preliminary talks with equity firm Blackstone Group after they both made takeover bids on Dell. (Mar 26, 2013)

MORE TOPICS: CARL ICAHN, MICHAEL DELL, MANAGEMENT, DELL, SILVER, NEW YORK

Icahn demands Dell pay $16 billion dividend to avert fight

By Reuters

Activist investor Carl Icahn is demanding Dell Inc pay out $15.7 billion in special dividends, joining a growing chorus of opposition to founder Michael Dell's plan to take the world's No. 3 personal computer maker private. (Mar 08, 2013)

MORE TOPICS: CARL ICAHN, MICROSOFT, WELLS FARGO, MICHAEL DELL, MANAGEMENT, DELL

Dell shareholder Icahn opposes go-private deal, seeks payout

By Reuters

Dell Inc shareholder Carl Icahn proposed the No. 3 personal computer maker pay out $15.7 billion in a special dividend, becoming the second major investor to oppose a plan by founder Michael Dell to take the company private. (Mar 08, 2013)

MORE TOPICS: CARL ICAHN, MICROSOFT, MICHAEL DELL, MANAGEMENT, DELL, SILVER