white knight

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White knight

A friendly potential acquirer sought out by a target firm that is threatened by a less welcome suitor.

White Knight

Informal; an acquiring company in a friendly takeover. One usually refers to a white knight when the target company would be otherwise subject to a hostile takeover. That is, the white knight rescues the target company from the prospect of the hostile takeover. While the target company does not remain independent, it is able to negotiate terms with the white knight. Management usually remains in place and shareholders are often paid a higher price. See also: Black Knight, Gray Knight.

white knight

A person or company that rescues a target firm from a takeover attempt by buying the firm. Compare raider. See also hostile tender offer, shark repellent, white squire.

White knight.

A corporation that is the target of a hostile takeover sometimes seeks out a white knight that comes to the rescue by making an offer to acquire the target company in a friendly takeover that suits the needs and goals of the target's management and board.

The hostile acquirer is called a black knight, and if the white knight is outbid by a third potential acquirer, who is both less friendly than the white knight and more friendly than the black knight, the third bidder is called a gray knight.

white knight

see TAKEOVER BID.

white knight

see TAKEOVER BID.
References in periodicals archive ?
And Ruth was very involved in the White Knights three or four years ago and did a lot of fundraising.
For information about the art sale, or to donate to White Knights, visit www.
The White Knights enter the game without several key players: suspended captain and goalkeeper Abdel-Wahed el-Sayyed; Omotoyossi; and striker Ahmed Hossam 'Mido', also suspended for missing training without permission.
The White Knights Members Club has created almost pounds 250,000 worth of new business for the hotel.
During that time he rose in responsibility in the organization, eventually earning the position of "Province Titan" and fight-hand man to White Knights leader Sam Bowers.
In contrast, Smiley and Stewart (1985) find that white knights experience no significant abnormal returns.
Ultras White Knights member, Amr Hussein died on Monday following clashes with the police days before
Charity White Knights operates across Yorkshire outside office hours.
Henry Carr, a component engineer who owns a Fisher Fury racing car, said: "We hold an interesting vehicles day every year to raise money for charity and this year we chose the White Knights.
And they do it as part of a West Yorkshire based charity called White Knights.
The White Knights and the many other silent people like them should be the ones who receive our country's gratitude long before the people from the likes of business, finance and the civil service.
White Knights is a charitable group which will offer free motorcycle courier services, ferrying emergency deliveries of vital documents, blood and even organs to hospitals during the night.