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grey knight

   Also found in: Financial, Wikipedia 0.01 sec.
grey knight
n
(Economics, Accounting & Finance / 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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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.
 
 
 
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