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 ?
But he came to Black Knight with little or no knowledge of the mortgage business.
As chief executive officer and president of Black Knight, analysts are saying a lot of good things about Sanzone and his team's accomplishments since the spin.
We talked to Piper Jaffray Senior Research Analyst Jason Deleeuw, based in Minneapolis, to get more details about what Black Knight has been doing right.
Plus, Black Knight has built a deep bench of loyal customers over time.
The Black Knights went on another little run late in the first and took their largest lead, 29-21, on a Cox layup with 1:52 to play.
The Black Knights maintained a nine-point lead after junior center Andrew Stire made two free throws with 4:53 to play.
The Black Knights' full-court press caused some of the Crusaders' 10 first-half turnovers, and Ellis scored 10 points over the last 9:20 of the first half to help Army to a 38-34 lead at the break.
HC outscored Army, 19-5, at the free-throw line, but the Black Knights took 13 more field goal attempts (61-48), had 11 offensive rebounds and scored 15 points off 17 Holy Cross turnovers.
The Black Knights made their first four 3-point attempts, but cooled off as the first half went along.
HC shot 42 percent against Army's Patriot League-best defense and outrebounded the Black Knights, 37-28.
At one time during that stretch, the Black Knights went over eight minutes without scoring.
Holy Cross scored the first four points of the second half, but the Black Knights came right back with a 6-0 run.