White knight
Revision as of 14:51, 27 October 2019 by Gary (talk | contribs) (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...")
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.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
