grey knight


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grey knight

or

gray knight

n
(Banking & Finance) informal an ambiguous intervener in a takeover battle, who makes a counterbid for the shares of the target company without having made his intentions clear. Compare black knight, white knight
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References in periodicals archive ?
Grey Knight safety rovers have been invaluable in correcting discrepancies and unsafe practices throughout the command.
The grey Knight Of Love was, I believe, the horse who later landed Manners in front of the Cheltenham stewards when they took a dim view of his exuberance after he ran on to the track to congratulate his winner - before the race had ended.