Sunday, 1 September 2013

10:11  ANUKTASHRUTA  No comments
Today's word: WHITE KNIGHT
Theme for this fortnight: MERGERS & ACQUISITIONS A white knight is an individual or company that acquires a corporation on the verge of being taken over by forces deemed undesirable by company officials (sometimes referred to as a "black knight"). While the target company doesn't remain independent, a white knight is viewed as a preferred option to the hostile company completing their takeover. Unlike a hostile takeover, current management typically remains in place in a white knight scenario, and investors receive better compensation for their shares.
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