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.
A)unaware of
B)hostile toward
C)familiar with
D)sympathetic to

Question

Quizplus · Accepted Answer

A proxy fight is a battle to gain control of a company by persuading its shareholders to vote in favor of a new management team that is sympathetic to the goals of the acquiring company. Therefore, choice D, "sympathetic to," is the best choice.

A Proxy Fight Occurs When a Company Attempts to Persuade