Black Knight
A company that makes a hostile takeover offer on a target company.
Investopedia Commentary
An allusion to the fairytale villains, this term demonstrates how a targeted company sees its adversary. Fairytale black knights are associated with kidnapping princesses, slaying peasants, burning villages, and generally having unpleasant personalities.
Related Links
The Wacky World of M&As
Bloodletting And Knights: A Medieval Guide To Investing
See also: Gray Knight, Hostile Takeover, Lady Macbeth Strategy, Takeover, White Knight, Yellow Knight