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Definition of 'White Knight'
A company that makes a friendly takeover offer to a target company that is being faced with a hostile takeover from a separate party.
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Investopedia explains 'White Knight'
The knight in shining armor gallops to the rescue!
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From bloodletting to ye olde black knights, things on Wall Street are getting downright medieval!
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Find out the strategies corporations use to protect themselves from unwanted acquisitions.
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Follow the sale from tender to takeover.
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