White-shoe firm

(redirected from White-Shoe Firms)

White-shoe firm

Broker-dealer firms that disdain practices such as hostile takeovers.

White-Shoe Firm

Informal; a broker-dealer that does not engage in hostile takeovers on principle. That is, white-shoe firms believe hostile takeovers to be an unfair business practice.
References in periodicals archive ?
lower ranks of the New York bar led the white-shoe firms to stay clear
the WASP firms, within white-shoe firms, "[s]uper-achievers [were]
Sullivan & Cromwell with the other white-shoe firms of the day, and
Jeff Nahley, head of Avondale's investment banking group commented, "Our ability to attract top talent from a number of nationally recognized white-shoe firms confirms the appeal of our business model and Avondale's growing reputation in this industry.