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White Knight
Glossary

White Knight

In the corporate world, where mergers and acquisitions are a daily occurrence, a "white knight" can swoop in and save the day. Imagine a damsel in distress (a company) being pursued by an unwanted suitor (a hostile takeover). Enter the white knight, a heroic figure ready to rescue the damsel from her predicament. Sounds like something straight out of a fairy tale, doesn't it? Well, in the world of finance, this scenario plays out more often than you might think.