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White Knight
A friendly investor or company that acquires a corporation on the verge of being taken over by an unfriendly suitor, preventing a hostile takeover.
Implications
A friendly investor or company that acquires a firm facing a hostile takeover, protecting it from the hostile acquirer by offering a more favorable deal.
Example
In 2008, JPMorgan Chase acted as a white knight by acquiring Bear Stearns during the financial crisis, preventing a hostile takeover by another entity.
Related Terms
White Knight provides a friendly acquisition, while Hostile Takeover involves an unwanted acquisition attempt by another company.
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