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white knight

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white knight

–noun
1. a hero who comes to the rescue.
2. a beleaguered champion who fights heroically for a cause, as in politics.
3. Informal. a company that comes to the rescue of another, as to prevent a takeover.

Origin:
1890–95
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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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.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

White Knight

A company that makes a friendly takeover offer to a target company that is being faced with a hostile takeover from a separate party.

Investopedia Commentary

The knight in shining armor gallops to the rescue!

Related Links

Bloodletting And Knights: A Medieval Guide To Investing
The Basics of Mergers and Acquisitions
The Wacky World of M&As

See also: Black Knight, Gray Knight, Hostile Takeover, Lady Macbeth Strategy, Takeover, White Squire, White-Shoe Firm, Yellow Knight

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

white knight

A person or company that rescues a target firm from a takeover attempt by buying the firm. Compare raider. See also hostile tender offer, shark repellent, white squire.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: white knight
Function: noun
: a party (as a corporation) invited to take over a corporation and thereby prevent its acquisition by another —compare RAIDER
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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