white knight


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white knight

n.
1. One that comes to the rescue; a savior.
2. A person or company that rescues a targeted firm from a takeover attempt by buying the firm.

white knight

n
(Banking & Finance) a champion or rescuer, esp a person or organization that rescues a company from financial difficulties, an unwelcome takeover bid, etc

white′ knight′


n.
1. a hero who comes to the rescue.
2. a beleaguered champion who fights for a cause.
3. a company that comes to the rescue of another, as to prevent a takeover.
[1890–95]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.white knight - a company that is a friendly acquirer in a takeoverwhite knight - a company that is a friendly acquirer in a takeover
company - an institution created to conduct business; "he only invests in large well-established companies"; "he started the company in his garage"
white squire - a white knight that buys less than a majority interest
Translations
Weißer Ritter
chevalier blanc
References in classic literature ?
On the second day Iron Hans equipped him as a white knight, and gave him a white horse.
in which Alice had put 'THE WHITE KNIGHT IS SLIDING DOWN THE POKER.
1993, "An Empirical Examination of White Knight Corporate Takeovers: Synergy and Overbidding," Financial Management (Winter), 28-45.
The court also held that the break-up fees paid to the white knight were deductible as a business expense under section 162, noting that "costs incurred to defend a business against attack are ordinary and necessary expenses.
The central tax issue is whether the costs of defending against a hostile takeover or facilitating a white knight acquisition are deductible.
LOS ANGELES -- D3Publisher (D3P), a publisher and developer of interactive entertainment software, today announced White Knight Chronicles II is now available in North America on the PlayStation[R]3 computer entertainment system.
He said that, unlike some football clubs, Britain did not have any such white knight when the country faced its own financial crisis.
The hour-long test flight of White Knight Two made use of a minimum flight test crew.
The criterion for the bank's support is to turn a loss into a profitable entity - it is also prime motivation for any self-respecting White Knight - and Filopoulos' plans are already underway.
Another view of white knights is advanced by Shleifer and Vishny |24~, who present a model in which acquisition by a white knight represents the optimal synergistic combination of target and bidding firm assets (termed the "maximum synergy hypothesis" in this study).
In particular, the IRS addressed the cost of the fairness opinion since that expense comprised the bulk of the expenses related to the white knight search.
The acclaimed choir has over the years raised money for many deserving charities and this year they have chosen to support the White Knights blood bikes.