white knight

Thân thiện

A white knight rescues a smaller company from a hostile takeover.

Definition

1. Noun:
   • A company that is a friendly acquirer in a takeover: A "white knight" is a company that makes a friendly offer to acquire another company that is facing a hostile takeover attempt from a different, unwanted bidder (often called a "black knight"). The target company's management typically welcomes and supports the white knight's offer as a preferable alternative.

Usage Examples

• Noun:
  • The struggling tech firm sought a white knight to save it from the hostile takeover.
  • The board of directors welcomed the offer from the white knight, as it promised to preserve more jobs than the rival bid.

Advanced Usage

• Figurative Use: The term can be used more broadly to describe any person or entity that comes to the rescue of another in a difficult situation, especially in a business or financial context.
  • The billionaire investor acted as a white knight, providing the crucial funding the startup needed to avoid bankruptcy.

Variants and Related Words

• White Squire: A related but distinct term. A "white squire" is a friendly investor who buys a significant minority stake in a company to help it fend off a hostile takeover, without acquiring the entire company like a white knight would.
• Hostile Takeover: An acquisition attempt that is strongly opposed by the target company's management and board.
• Black Knight: The opposite of a white knight; a company or investor that makes an unwelcome, hostile takeover bid.

Synonyms

• Friendly acquirer: A neutral, descriptive synonym.
• Rescuer: A more general term, especially in the figurative sense.

Related Idioms and Phrases

• To play the white knight: To act as a rescuer or savior in a business context.
  • The larger corporation decided to play the white knight and make a counteroffer to protect the smaller company's independence.

Học thuật

Noun

1. a company that is a friendly acquirer in a takeover