White Knight is a firm that comes to the rescue of a corporation that is being taken over. Enters the fray when the target company is raided by a hostile suitor. A White Knight may offer a higher price than the predator to avert the takeover bid. (With the higher bid offered by the white knight, the predator might not remain interested in acquisition and hence the target company is protected from the raid.).
Barry Goldsmith
| APA | Barry Goldsmith. (2010). white knight. Retrieved September 27, 2026, from http://smartdefine.org/white_knight/definitions/1166494 |
| Chicago | Barry Goldsmith. 2010. "white knight" http://smartdefine.org/white_knight/definitions/1166494 (accessed September 27, 2026). |
| Harvard | Barry Goldsmith 2010, white knight, Smart Define, viewed 27 September, 2026, <http://smartdefine.org/white_knight/definitions/1166494>. |
| MLA | Barry Goldsmith. "white knight" 21 October 2010. Web. 27 September 2026. <http://smartdefine.org/white_knight/definitions/1166494> |