A would-be acquirer making a tender offer directly to shareholders is called a proxy fight.

Name: A would-be acquirer making a tender offer directly to shareholders is called a proxy fight.
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A proxy fight is when a group of shareholders tries to gain control of the company by soliciting other shareholders to vote for them at the annual meeting. A tender offer is a public offer made by an acquirer to purchase a significant portion or all of a company's stock directly from its shareholders.

A Would-Be Acquirer Making a Tender Offer Directly to Shareholders