Difference between revisions of "White knight"
(Created page with "White knight is a friendly competing bidder that a target management likes better than the company making a hostile offer; the target solicits a merger with the white knig...") |
(→Definitions) |
||
| Line 5: | Line 5: | ||
According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | ||
:[[White knight]]. A friendly competing bidder that a target management likes better than the company making a hostile offer; the target solicits a merger with the white knight as a preferable alternative. | :[[White knight]]. A friendly competing bidder that a target management likes better than the company making a hostile offer; the target solicits a merger with the white knight as a preferable alternative. | ||
| + | According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]], | ||
| + | :[[White knight]]. A company that is acceptable to the management of a firm under threat of a hostile takeover and that will compete with the potential acquirer. | ||
==Related concepts== | ==Related concepts== | ||
Revision as of 02:23, 2 November 2019
White knight is a friendly competing bidder that a target management likes better than the company making a hostile offer; the target solicits a merger with the white knight as a preferable alternative.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- White knight. A friendly competing bidder that a target management likes better than the company making a hostile offer; the target solicits a merger with the white knight as a preferable alternative.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- White knight. A company that is acceptable to the management of a firm under threat of a hostile takeover and that will compete with the potential acquirer.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
