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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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