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Question
Some of Acme Inc.s shareholders are very dissatisfied with the performance of the firms current management team and want to gain control of the board. To do so, these shareholders offer their own slate of candidates for open spaces on the firms board of directors. Lacking the necessary votes to elect these candidates, they are contacting other shareholders and asking them to vote for their slate of candidates. The firms existing management and board is asking shareholders to vote for the candidates they have proposed to fill vacant seats on the board. Which of the following terms best describes this scenario?
a. Leveraged buyout
b Proxy contest
c. Merger
d. Divestiture
e. None of the above
Answer
This answer is hidden. It contains 1 characters.
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