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Black knight |
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Black knightA company (or person) making an unwanted, hostile bid for another company.Similar MatchesGray knightGray knightIn a merger or acquisitions, a gray knight is an acquiring company that outbids a white knight in pursuit of its own best interests, although it is friendlier than a hostile bidder. White knightWhite knightA friendly potential acquirer sought out by a target firm that is threatened by a less welcome suitor. White knightWhite knightA company which comes to the rescue of another listed company which is under siege from an unwelcome bidder. The White Knight may make an improved offer, or it may just be a more acceptable predator than the first bidder, as far as the management are concerned. Grey knightGrey knightA company (or person) making an unwanted counter bid for another company, whose intentions are unclear. See 'black knight' and 'white knight'. |
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