Question: A proxy contest can best be defined as: A Attempts to gain control of a firm by soliciting a sufficient number of shareholder votes to

A proxy contest can best be defined as:

A Attempts to gain control of a firm by soliciting a sufficient number of shareholder votes to replace existing management.

b A corporate takeover bid communicated to the shareholders through a stock exchange.

c All publicly owned stock in a firm is replaced with complete equity ownership by a private group.

d Going private transactions in which a large percentage of the money used to buy the stock is borrowed. Often incumbent management is involved.

e Agreement between firms to cooperate in pursuit of a joint goal.

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