white knight

Definition

A potential acquirer who is sought out by a target company's management to take over the company to avoid a hostile takeover by an undesirable black knight.

Use white knight in a sentence

I didn't like the white knight because I thought he was trying his best to overcompensate and look cool to everyone.

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John was being targeted as the white knight for the takeover. They needed someone who was well respected and liked to make sure the takeover was non hostile.

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When I worked for a large bank, we were being acquired by a rival until a white knight company came and squired us for a larger amount and kept us from being absorbed by a rival.

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