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 ?
Today, the spun-off Black Knight Financial Services, Jacksonville, Florida, is going gangbusters.
And while Foley has been caught up with the countless details involved with launching a new professional hockey franchise, Tom Sanzone has been at the helm of Black Knight Financial Services acquiring his own set of companies to fill gaps in BKFS' extensive mortgage technology offerings.
The Black Knights took the lead for good on her 3-pointer with four minutes left.
In addition to notable advances for Black Knight football fans in select markets, the collaboration with Pamal Broadcasting provides expansive reach and coverage for other Army programs.
Wilson led the Black Knights with 23 points, 19 in the second half.
The Black Knights shot 44 percent from the field, but killed HC with a number of backdoor plays and knocked down several crucial 3-pointers, including one by Ellis after a Holy Cross turnover that put Army up by nine with 9:38 to play.
Holy Cross sophomore Bri Malone (8 points) fouled out with 5:30 remaining, and the Black Knights surged ahead, 62-58, with 3:37 left.
Sophomore defenseman Matt Clune had two assists for the Crusaders, who conclude their weekend series with the Black Knights at 7 tonight at the Hart Center.
The Black Knights outscored HC, 8-2, over the final four minutes.
The Black Knights took their last lead, 54-53, on Josh Miller's jumper with 4:10 to play.
The Black Knights pulled to within 47-43 with 6:58 left before the Crusaders regained their form on the offensive end, outscoring Army, 9-4, over the next four minutes.
7 seconds to play to lift the Black Knights to a 56-54 win.