An investor group of Sherritt Gordon Limited was not filled and the that management was running the company correctly and is attempting, through a proxy competition, to have the present board of directors removed and to have it replaced with a fresh board. The case is suitable for teaching as a role-playing exercise.
Learning Objective:
To analyze what a proxy competition is and how one can be used to obtain effective control of public corporations.
To understand why a firm becomes a takeover target.
To emphasize poison pills and high yield bonds">>
To introduce defensive strategies for proxy contests; fortify the issues surrounding corporate governance.
Publication Date: 01/01/1991
This is just an excerpt. This case is about Finance
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