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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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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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