white squire

White Squire

Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in the target firm.

Notes:

A white squire is still considered to be a friendly acquirer, they just don't require controlling interest like a "white knight" does.

See also: Acquisition, Black Knight, Takeover, White Knight, Yellow Knight

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White squire

White knight who buys less than a majority interest.

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white squire

An investor sympathetic with management who holds a block of stock in a company that is or could be subject to an unfriendly takeover.