The Track Record for Proxy Fights Suggests They Are

question 94

Multiple Choice

The track record for proxy fights suggests they are:

• A)Usually successful in forcing management out
• B)Only successful when accompanied by a tender offer
• C)Rarely effective in taking over management
• D)The first step in a hostile takeover

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Definitions:

Sales Tax

A tax imposed by a government on the sale of goods and services, usually calculated as a percentage of the retail price.

Ordinary Repair

Expenditures to maintain the operating efficiency and expected productive life of an asset, treated as an expense.

Capitalization

The total value of all a company's outstanding shares of stock, calculated by multiplying the share price by the total number of shares.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.