White Knight

White Knight
A person or a company that rescues a target firm from being acquired, by buying the target firm.
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Often used in Risk arbitrage. Privilege offered a White knight (friendly acquirer) by a target Company to Buy crown jewels or additional equity. The aim is to discourage a hostile takeover. See: Shark repellent.

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White Knight
White Knight refers to a person, private company or corporation that intends to assist another firm.
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White Knight
A company that rescues another in financial trouble, preventing a takeover by a hostile bid.
Withdrawal Plan
A plan to automatically redeem mutual fund holdings and have proceeds mailed directly to the investor.

White Knight A firm that comes to the rescue of a corporation that is being taken over.
Finance By Example (Archives): Washington Mutual Is A White Knight ...

White Knight
A company that makes a friendly takeover offer to a target company that is being faced with a hostile takeover from a separate party.
White Squire ...

White Knight
A person or company that saves another company from an unwanted hostile takeover. ...
Wings ...

White knight
A friendly potential acquirer sought out by a target firm that is threatened by a less welcome suitor.

white knight A potential acquirer who is sought out by a target company's management to take... white paper An educational report made available to the public that expounds on a particular industry issue.

A potential acquirer who outbids a white knight in an unfriendly takeover attempt. A white knight is a person who is asked to acquire a company as an alternative to an unwanted black knight, who is the investor initiating a hostile takeover bid.

In Business, what is a White Knight?
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White Knight (finance term)
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greenmail (in finance, business)
Takeover Tax Treatment (in accounting)
Hostile Takeover (finance term)
Friendly Takeover (business term) ...

Lockup option
Often used in risk arbitrage. Privilege offered a white knight (friendly acquirer) by a target company to buy crown jewels or additional equity. The aim is to discourage a hostile takeover. See: Shark repellent.

Bristol-Myers Squibb (NYSE: BMY ) tried to lowball ImClone Systems, similar to Sanofi and Genzyme, but ImClone got taken out for nearly 17% over the initial offer because a white knight in the form of Eli Lilly (NYSE: LLY ) came in and outbid ...

See also: Market, Investment, Option, Stock, Investing