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 periodicals archive ?
To mix things up a little, the White Knight becomes available to the player after a few hours.
Designed by Scaled Composites, the White Knight Two mothership rolled down the runway of the Mojave Air and Space Port in California and muscled itself into the air using four Pratt and Whitney PW308A turbofan engines, on December 21.
Imbued with an almost semi-mythical status, the white knight parent appears at little to no notice to resolve awkward situations.
In the just-completed flight tests, a jet called the White Knight took a test wing up to altitudes between 8,000 meters (26,300 feet) and 12,000 meters (39,400 feet).
The engines of SpaceShipTwo and the White Knight will ``radically reduce the environmental impact associated with space travel to date,'' the company said.
Bahat initially believed "in the white knight concept of the army," he says.
In the end, he was the white knight he claimed to be, as well as Don Quixote.
54) involved a target that (i) resisted a corporate raider, (ii) incurred expenses to find a white knight, (iii) was subsequently bought out by the corporate raider, and (iv) thus did not merge with the white knight, which (v) was consequently paid break-up fees.
This image, of Dodgson closing in on his model, establishes the framework for Wilson's evening of theater; within it he creates a picture of Dodgson, his intellect and his passions, and weaves it into Alice's adventures by having the same precisely mannered actor (Stefan Kurt) play Dodgson, the White Rabbit, and the White Knight.
We arranged for the financing of the white knight with a small commercial bank.
In addition, 2006 saw the launch of four new Don & Sons brands - Plungerhead, Hey Mambo, The White Knight, and Gino da Pinot, all of which became part of winery's The Other Guys sales portfolio.