Advertising

White knight

• A takeover defense in which the target firm finds an acquirer more to its liking than the initial hostile acquirer and prompts the two to compete to take over the firm.

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

 
 Embedded terms in definition
 Acquirer
Firm
Hostile
Its
Out
Takeover
Take
Target firm

<< When issued trades Whole life insurance >>

What Happens If a Bank Fails?: How the FDIC protects depositors, including providing quick access to insured funds. More...

Defeat is not the worst of failures. Not to have tried is the true failure. - George E. Woodberry

Advertising



Copyright 2009-2018 GVC. All rights reserved.