Proxy fights are attempts by a person or group that wants to take over control of a firm by getting the firms' stockholders to give their voting proxies to the new group is True
A proxy fight is when a number of shareholders band together in an effort to get enough stockholders proxy votes to prevail in a corporate vote. This action, sometimes known as a "proxy battle," is typically utilized in business takeovers.
A proxy fight is when a number of shareholders band together in an effort to get enough stockholders proxy votes to prevail in a corporate vote. A proxy vote may entail voting to remove the board of directors or the corporate management. Corporate takeovers and mergers also result in proxy battles, most notably with hostile takeovers.
Hence, the given statement is True
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