White Squire


DEFINITION of 'White Squire'

Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in the target firm.

BREAKING DOWN 'White Squire'

A white squire is still considered to be a friendly acquirer, they just don't require controlling interest like a "white knight" does.

  1. Acquisition

    A corporate action in which a company buys most, if not all, ...
  2. Takeover

    A corporate action where an acquiring company makes a bid for ...
  3. White Knight

    A white knight is an individual or company that acquires a corporation ...
  4. Yellow Knight

    A company that was once making a takeover attempt but ends up ...
  5. Black Knight

    A company that makes a hostile takeover offer for a target company. ...
  6. Liquidity

    The degree to which an asset or security can be quickly bought ...
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