Often used in conjunction with a tender offer, a proxy contest:

Select one:

a. Occurs when the acquiring company asks the target company\'s shareholders to elect a board proposed by the acquirer to replace the incumbent board

b. Replaces the target company\'s incumbent management with interim executives

c. Occurs when the target company asks the acquiring company\'s shareholders to elect a board proposed by the target to replace the incumbent board.

d. Disables the voting rights of shareholders to allow for a smoother transition of control.