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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

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