white knight

white knight
In corporate law, a potential acquirer usually sought out by the target of an unfriendly takeover to rescue it from the unwanted bidder's takeover. A word of art used to describe potential merger partners with whom a target company negotiates toward the realization of a merger on terms which the target company management finds acceptable. The white knight pursues ownership by means of a "sweetheart deal" with the incumbent management, while an unwanted bidder deals directly with the shareholders. American General Ins. Co. v. Equitable General Corp., D.C.Va., 493 F.Supp. 721, 732.

Black's law dictionary. . 1990.

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  • 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 of a firm sought out by a target firm that is threatened by a less welcome suitor. The New York Times Financial Glossary * * * white knight ˌwhite ˈknight noun [countable] FINANCE someone who buys shares in a company …   Financial and business terms

  • 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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