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Gray Knight

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Gray knight
In a merger or acquisition, a gray knight is an acquiring company that outbids a white knight in pursuit of its own best interests, although it is friendlier than a hostile bidder.

Gray Knight
A company that outbids a white knight in a friendly acquisition. A gray knight is not after a hostile takeover, but does serve its own interests, as opposed to those of the target company. Often, a gray knight makes an unsolicited bid for the target company after the initial, friendly bid. The management of the target company prefers a gray knight to a black knight, but, of course, would most prefer to be acquired by a white knight.

gray knight
A company, neither friendly nor hostile, that outbids another firm in an acquisition attempt.


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Gray Knight, who finished second in an Exeter novice hurdle last month for Hill, will be heading to Gloucestershire after being sold for pounds 6,000 to trainer John O'Shea.
Byline: Ben Hutton THE opener at Exeter yesterday saw Gray Knight lead everywhere bar the line, hitting the magic low of 1.
Jimmy Frost's good run of recent form continued apace when Sarah Gaisford partnered Frosty Jak to land a 33-1 surprise in the amateur riders' novice hurdle, finishing strongly to get up and defeat Gray Knight.
 
 
 
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