White squire
White squire is an individual or company who is friendly to current management and will buy enough of the target firm's shares to block a hostile takeover.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- White squire. An individual or company who is friendly to current management and will buy enough of the target firm's shares to block a hostile takeover.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
