white knight

Definition of "white knight"
  1. An entity, often a corporation, that is invited to acquire a company to prevent it from being taken over by another
How to use "white knight" in a sentence
  1. To avoid hostile takeover, the endangered company sought a white knight.
  2. The management was relieved when the white knight, a more favorable corporation, entered the bidding war.
  3. In the corporate world, a white knight may help rescue a company from a hostile takeover.

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