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Proxy statements
A disclosure document describing the material features of a transaction to be voted on by the equity owners when they are asked to give a voting proxy to another. If the equity owners are not being asked to approve the matter, applicable law often requires that they be furnished with similar information through a disclosure statement. Proxy solicitations and disclosure statements are regulated by business entity and securities laws.
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- Part of Speech: noun
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- Industry/Domain: Banking
- Category: Mergers & acquisitions
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