2 edition of Proxy contests for corporate control found in the catalog.
Proxy contests for corporate control
Edward Ross Aranow
by Columbia U.P; Oxford U.P
Written in English
|Contributions||Einhorn, Herbert A.|
|The Physical Object|
|Number of Pages||577|
proxy contests, special meeting demands, consent solicitations, withhold and vote-no campaigns, shareholder proposals and other activist shareholder campaigns as well as contests for corporate control and negotiated and contested M&A situations. Keith also advises public companies and their boards of directors on the. A proxy fight, proxy contest or proxy battle, sometimes also called a proxy war, is an unfriendly contest for the control over an organization. The event usually occurs 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 .
The annual meeting season produced the greatest number of proxy contests for corporate control in American history. View Full Article in Timesmachine». A proxy fight occurs when a group of shareholders join forces and gather enough shareholder proxies to win a corporate vote. Sometimes referred to as a "proxy battle,” this action is mainly used Author: Chris Gallant.
CORPORATE PROXY CONTESTS: SOLICITATION AND VALIDITY OF BROKERS' PROXIES* T EDWARD Ross and HERBERT A. EmIlHORNx-IE marked increase, in recent years, in the number and importance of corporate proxy contests is apparent even to the most casual reader of the daily press. in a contest for control, it is usually necessary for each group, man-Author: Edward Ross, Herbert A. EmIlHORNx. The statutory right to inspect corporate books and records extends to the records of corporate subsidiaries as well, so long as (a) the parent corporation has possession and control of the records sought, or (b) the parent could obtain them through the exercise of control over the subsidiary – at least when the subsidiary has no legal rightFile Size: KB.
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Proxy Contests takes you step-by-step through the considerations and legal intricacies of successfully initiating - or defending against - a proxy contest.
From preparing for a contest and meeting to the solicitation of proxies to conducting the meeting, you get a thorough evaluation and indispensable "how to" problem-solving guidance not available anywhere by: 1.
Proxy Contests for Corporate Control [Herbert A. Einhorn Edward R. Aranow] on *FREE* shipping on qualifying : Edward R. Aranow, Herbert A. Einhorn. Also, obtaining information for use in a proxy contest will constitute a proper purpose in certain specific factual contexts—such as, in Forest Labs (, Transcript Opinion), where, in anticipation of waging a proxy contest, the stockholder sought to inspect books and records to determine whether the board had adopted governance reforms.
OCLC Number: Description: xviii, pages 24 cm: Contents: PART I. MATTERS PRELIMINARY TO A CONTEST AND MEETING --CHAPTER I. PREVENTING, ANTICIPATING, AND PREPARING FOR A PROXY CONTEST --Increased Importance of Contests for Control --Measures to Be Taken by Management in Remaining Alert --Factors to Be Considered by Insurgents before Deciding to Undertake a Contest.
"Prepared for distribution at the Proxy contests and battles for corporate control program, January-February " Pages blank.
"B/B" Description: 2 volumes ( pages) ; 22 cm. Contents: V. 1 1. The expanding regulatory framework of the Williams Act and its effects on takeover activities / James H. Fogelson II looks at the evidence surrounding proxy contests for corporate control and whether it serves to discipline management or just provide a target for opportunistic investors.
Part III looks at uncontested director elections and whether they have a meaningful role in keeping management accountable to : Randall S. Thomas, Patrick C. Tricker.
Stock price increases upon ar~ounrPnnmt of a proxy contest, but by less, on Proxy contests for corporate control book, than with a tender offer. The same result holds for a comparison of successful proxy contests with successful tender offers. Control contests are accompanied, on average, by leverage-increasing, changes in financial by: Between andno corporate raider gained control of a staggered board through a proxy contest.
Companies with a staggered board are significantly more likely to defeat a bid. Companies with a staggered board and that get acquired do File Size: KB. CORPORATE PROXY CONTESTS: EXPENSES OF MANAGEMENT AND INSURGENTS* Edward Ross Aranow and Herbert A.
Einhornt I One of the most important advantages available to management in a proxy contest is its ready access to the corporate treasury to defray many of the expenses of waging the contest. These expenses have tended to. Keywords: corporate voting, proxy contests, management proposals, annual meeting Suggested Citation: Suggested Citation Thomas, Randall S.
and Tricker, Patrick, Shareholder Voting in Proxy Contests for Corporate Control, Uncontested Director Elections and Management Proposals: A Review of the Empirical Literature (November 6, ).Author: Randall S. Thomas, Patrick C. Tricker. Shareholder Voting in Proxy Contests for Corporate Control, Uncontested Director Elections and Management Proposals: A Review of the Empirical Literature When a proxy contest breaks out, shareholders wield immense influence.
These contests tend to have significant benefits for the corporation, including facilitating a change in management. "Communication Costs, Information Acquisition, and Voting Decisions in Proxy Contests," Review of Financial Studies, Society for Financial Studies, vol.
10(4), pages Henry G. Manne, "Mergers and the Market for Corporate Control," Journal of Political Economy, University of Chicago Press, vol. 73, pages Practical Law The Journal | November A proxy contest is a campaign to solicit votes (or proxies) in opposition to management at an annual or special meeting of stockholders or through action by written consent.
Over the past ten years there has been an 87% increase in frequency of proxy contests. Abstract. This paper evaluates the primary mechanisms for changing management or obtaining control in publicly traded corporations with dispersed ownership.
Specifically, we analyze and compare three mechanisms: (1) proxy fights (voting only); (2) takeover bids (buying shares only); and (3) a combination of proxy fights and takeover bids in which Cited by: ISSN TAKEOVER BIDS VS. PROXY FIGHTS IN CONTESTS FOR CORPORATE CONTROL Lucian Bebchuk Oliver Hart Discussion Paper No.
10/ Harvard Law School Cambridge, MA The Center for Law, Economics, and Business is supported by a grant from the John M. Olin Foundation. This paper can be downloaded without charge from:File Size: KB. In addition, it is possible that proxy contests may be more successful when they are substantively different than tender offers - in other words, when they are not for full corporate control.
In noncontrol contests, the proxy mecha- J. Pound, Proxy contests and shareholder oversight nism is used to seek different ends than would be achieved Cited by: ing a proxy contest for control of a corporate giant is a well stocked treasury.
A major section of the book deals with the solicitation of proxies in conformity with the SEC's proxy regulation. Recommended Citation. Randall S. Thomas & Patrick C. Tricker, Shareholder Voting in Proxy Contests for Corporate Control, Uncontested Director Elections and Management Proposals: A Review of the Empirical Literature, 70 Oᴋʟᴀ.
Rᴇᴠ. 9 ().Author: Randall S. Thomas, Patrick C. Tricker. A proxy fight is the action of a group of shareholders joining forces, in a bid to gather enough shareholder proxies to win a corporate vote. These voting bids could include replacing corporate management or the board of directors.
Using a manually collected data set of all proxy contests from throughI show that proxy contests play an important role in hostile corporate governance. Target shareholders benefit from proxy contests: the average abnormal returns reach % around proxy contest by:.
Beginning date Title Variation Proxy contests for corporate control Aranow and Einhorn on proxy contests for corporate control Note Rev.
ed. of: Proxy contests for corporate control / by Edward Ross Aranow & Herbert A. Einhorn. 2nd ed. By David L. Ratner, Published on 04/01/69Author: David L.
Ratner.CiteSeerX - Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): This paper evaluates the primary mechanisms for changing management or obtaining control in publicly traded corporations with dispersed ownership.
Specifically, we analyze and compare three mechanisms: (1) proxy fights (voting only); (2) takeover bids (buying shares only); and (3) a combination of proxy .