White Knight (U.S.)

What is White Knight (U.S.)?

White Knight (U.S.) meaning A friendly bidder, willing to offer more for a target share than an existing hostile bidder to rescue a company that is about to fall into the hands of an unwelcome suitor. They are usually persuaded by the company that is subject to a hostile bid to come to its rescue.


reference: http://www.sebi.gov.in/