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.
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black knight
see TAKEOVER BID.Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
black knight
see TAKEOVER BID.Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005