White knight

A friendly potential acquirer of a firm sought out by a target firm that is threatened by a less welcome suitor. The New York Times Financial Glossary

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white knight ˌwhite ˈknight noun [countable] FINANCE
someone who buys shares in a company to prevent another company taking it over completely:

• The shares rose 6p to 648p, indicating that the market continues to expect the intervention of a white knight, possibly from continental Europe.

— compare black knight

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   A potential friendly acquirer sought out by a company to protect it from a hostile takeover.
   ► See also Poison Pill.

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white knight UK US noun [C] FINANCE
a person or company that buys shares in a company to stop someone else taking control of it in a takeover: »

A Saudi billionaire is a potential white knight for the troubled hotel chain.

a white knight bid/bidder »

The Italian group has made little secret of its desire to attract a white knight bidder.

Compare BLACK KNIGHT(Cf. black knight), GREY KNIGHT(Cf. ↑grey knight)

Financial and business terms. 2012.

Look at other dictionaries:

  • White knight — may refer to:In vehicles: *HMM 165 is medium helicopter squadron in the United States Marine Corps with the nickname White Knights *Scaled Composites White Knight, the aircraft used to carry and launch Scaled Composites SpaceShipOne *Scaled… …   Wikipedia

  • White Knight — en una prueba de vuelo con el SpaceShipOne. El White Knight es una aeronave usada como lanzadera del SpaceShipOne. Fue desarrollado por Scaled Composites como parte de su programa Tier One y ofrecida posteriormente como avión de pruebas para el… …   Wikipedia Español

  • White Knight — White Knight …   Deutsch Wikipedia

  • white knight — n: a party (as a corporation) invited to take over a corporation and thereby prevent its acquisition by another compare raider Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • white knight — white knights N COUNT A white knight is a person or an organization that rescues a company from difficulties such as financial problems or an unwelcome takeover bid. [BUSINESS] ...a white knight bid …   English dictionary

  • white knight — n a person or company that puts money into a business in order to save it from being controlled by another company …   Dictionary of contemporary English

  • white knight — noun count BUSINESS a person or company that invests money in another company in order to prevent it being sold to a larger organization …   Usage of the words and phrases in modern English

  • white knight — white′ knight′ n. 1) cvb a hero who comes to the rescue 2) cvb a beleaguered champion who fights for a cause 3) bus inf a company that comes to the rescue of another, as to prevent a takeover • Etymology: 1890–95 …   From formal English to slang

  • white knight — n. [after a character in CARROLL s Through the Looking Glass] a rescuer; specif., a company that prevents a takeover, viewed as unfavorable, of another company by offering better terms for a merger with it …   English World dictionary

  • white knight — A friendly potential acquirer sought out by a target firm that is threatened by a less welcome suitor. Bloomberg Financial Dictionary A company which rescues another which is in financial difficulty, especially one which saves a company from an… …   Financial and business terms

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