Business and Personal Finance Dictionary

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• WHITE KNIGHT
  
  A firm that comes to the rescue of a corporation that is being taken over. Enters the fray when the target company is raided by a hostile suitor. A White Knight may offer a higher price than the predator to avert the takeover bid. (With the higher bid offered by the white knight, the predator might not remain interested in acquisition and hence the target company is protected from the raid.)
  
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