black knight

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Black Knight

A company that is offering or executing a hostile takeover. If a firm makes an offer to shareholders to acquire a publicly-traded company after the board of directors refuses, or if it bypasses the board completely, one refers to the acquiring firm as a black knight. This is a derogatory term, and so one might expect the board, management, or even employees to use it more than shareholders.

black knight

see TAKEOVER BID.

black knight

see TAKEOVER BID.
References in periodicals archive ?
The Black Knights maintained a nine-point lead after junior center Andrew Stire made two free throws with 4:53 to play.
HC outscored Army, 19-5, at the free-throw line, but the Black Knights took 13 more field goal attempts (61-48), had 11 offensive rebounds and scored 15 points off 17 Holy Cross turnovers.
The Black Knights had held three of their previous four opponents under 60 points.
Holy Cross scored the first four points of the second half, but the Black Knights came right back with a 6-0 run.
Army, meanwhile, got back in it with baskets from Erin Anthony and Nalini Hawkins and after McGuire stripped Aloisi, Megan Evans scored to put the Black Knights up, 52-51, with 1:24 left.
The Black Knights took the lead for good on her 3-pointer with four minutes left.
Fans in the Hudson Valley will be able to hear Black Knights football on WBPM-FM 92.
The first-ever, three-year marketing and sponsorship agreement between the Black Knights and Tommy Moloney's provides unprecedented exposure for a company that, literally, brings from the farm to the plate, some of the finest cuisine and distinctive food products that Army's fans, campus community, alumni and cadet-athletes have ever enjoyed.
The Black Knights parachute centre denied the weather conditions were too severe and denied liability for the accident.
Fun kicks off at 10am and includes dare devil stunts from one of the UK's best sky-diving teams, the Black Knights Royal Artillery Parachute & Balloon Team.
The correct terms are white knights and black knights.
The Black Knights of Army and Midshipmen of Navy play at 2:30 p.