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a white knight

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a white knight
someone who gives money to a company in order to prevent it from being bought by another company Hope is fading that a white knight will appear to stop the takeover bid.
See also: knight, white


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1) If management usually makes good decisions, it will probably also make good decisions when it makes a bid as a white knight.
Now he wants to complete the double against fellow strugglers Jags who are praying for a white knight to save them going bust.
Leeds are currently up for sale to the highest bidder,and chief executive Trevor Birch now has exactly five weeks to find a white knight to ride to the club's rescue.
 
 
 
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