A proxy contest can best be defined as: Multiple Choice Attempts to gain control of a firm by soliciting a sufficient number of shareholder votes to replace existing management. O Agreement between firms to cooperate in pursuit of a joint goal. A corporate takeover bid communicated to the shareholders through a stock exchange. O O All publicly owned stock in a firm is replaced with complete equity ownership by a private group O Going private transactions in which a large percentage of the money used to buy the stock is borrowed. Often incumbent management is involved. A tender offer can best be defined as: Multiple Choice The complete absorption of one company by another, where the acquiring firm retains its identity and the acquired firm ceases to exist as a separate entity. O O A public offer by one firm to directly buy the shares from another A corporate takeover bid communicated to the shareholders through direct mail. A combination of firms that have been joined by merger, consolidation or acquisition. O A merger in which a new firm is created and both the acquired and acquiring firm cease to exist