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
E) ambivalent about

Question

Quizplus · Accepted Answer

A proxy fight occurs when an acquiring company tries to influence the target company's shareholders to vote to replace the current management with a management that is more sympathetic to the acquiring company's goals. Therefore, the best choice is D, sympathetic to.

A Proxy Fight Occurs When a Company Attempts to Persuade