white knight


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white knight

1. One who saves another person from harm or a difficult situation. I don't remember much from the accident, but I am forever grateful to the white knight who freed me from my car. When Sally came to help with the kids when I was in the hospital, she really was our white night.
2. A person or company that purchases, or gives money to, another company that is in financial distress or about to be acquired by a third party. We all thought we were going to lose our jobs, but then a white knight purchased the company and saved it from bankruptcy.
See also: knight, white

a white knight

a company that makes a welcome bid for a company facing an unwelcome takeover bid.
The image here is of the traditional figure from chivalric romances, who rides to the rescue of someone in danger. See also a knight in shining armour (at knight).
See also: knight, white
References in periodicals archive ?
White Knight Paints has also recently released Glow Safe, a water-based, low-cost, environmentally-sound solution to safety signage and marking in dark or low-light areas.
Owers, 1992, "Wealth Reduction in White Knight Bids.
62) The court distinguished Federated Department Stores, noting that there was no failed white knight transaction in A.
unsuccessful search for a white knight were deductible in the year the search was abandoned.
As a bonus feature, this incredible package contains the remastered White Knight Chronicles: International Edition for those who have yet to explore the original story.
White Knight said that the assets consist of three proximally situated oil fields in Fresno County, within the San Joaquin Basin, which has supported major oil and gas extraction for more than a century.
The hour-long test flight of White Knight Two made use of a minimum flight test crew.
The criterion for the bank's support is to turn a loss into a profitable entity - it is also prime motivation for any self-respecting White Knight - and Filopoulos' plans are already underway.
The likelihood of overbidding is increased by the white knight's position in the sequential bidding process: by definition, white knights are participants in competitive acquisitions involving more than one bidder, and the white knight enters the contest subsequent to the first bidder's attempt.
The acquisition of the target by the white knight was approved by the target's board of directors and shareholders.
In addition, 2006 saw the launch of four new Don & Sons brands - Plungerhead, Hey Mambo, The White Knight, and Gino da Pinot, all of which became part of winery's The Other Guys sales portfolio.
There are better examples of the genre available, making White Knight Chronicles II one for devoted fans only.
Both SpaceShipTwo and White Knight will be made of lightweight but strong composite materials.
Section I defines white knight bidding and hypothesizes that the nature of their involvement in corporate control contests might lead to negative valuation consequences for this subset of bidders.