A white knight is a friendly acquirer that is brought in by a target company to ward off a hostile takeover by another company. A white knight acquirer is typically chosen because it is seen as a better alternative to the hostile acquirer, in terms of both financial and strategic fit.
The term "white knight" is used in contrast to "black knight," which refers to a hostile acquirer.
What is a shark repellent business?
A shark repellent business refers to a company that provides services or products to protect against sharks. This can include anything from shark-resistant wetsuits and gear to shark nets and barriers. Shark repellent businesses usually target coastal areas where there is a high risk of shark attacks. How do you become a white knight? There is no one definitive answer to this question, as becoming a white knight in the world of mergers and acquisitions can take many different forms. However, there are a few key things that all white knights share in common: they are financially strong, they have a strategic interest in the target company, and they are usually acting in response to a hostile takeover bid.
One common way for a company to become a white knight is for it to acquire a large stake in the target company. This gives the white knight a significant amount of influence over the target company, and it also makes it more difficult for a hostile bidder to succeed in acquiring the company. Another way for a company to become a white knight is to make a friendly offer to buy the target company. This is often done in response to a hostile takeover bid, in order to make it more difficult for the hostile bidder to succeed.
White knights typically have a strong financial interest in the target company, and they often have a strategic interest as well. For example, a white knight might be a company that is looking to expand into the target company's market, or a company that sees the target company as a valuable part of its supply chain. White knights usually have a good reputation, and they often have a history of acting in the best interests of the target company's shareholders. What is white knight and poison put? White knight and poison put are two terms that are often used in the context of mergers and acquisitions. A white knight is a company that comes to the rescue of another company that is in danger of being acquired by a hostile bidder. A poison put is a provision in a company's charter that allows shareholders to force the company to be sold if a hostile bidder tries to take over the company.
When was the term white knight first used? The term white knight first appeared in the late 19th century, in the context of corporate takeovers. A white knight was a friendly acquirer, who was seen as a savior by the target company. The term was originally used in the United Kingdom, but it has since been adopted in the United States as well.
There is no definitive answer to the question of when the term was first used. However, the first known use of the term white knight in a takeover context was in 1892, when the British newspaper The Times used it to describe the friendly acquirer of the London, Brighton & South Coast Railway. Why is it called a white knight? The term "white knight" is used in the context of corporate takeovers. It refers to a company that comes in to save another company from being taken over by an unwanted bidder. The white knight company is usually friendly to the target company and has the support of the target company's management.