black knight

black knight
black knight black knight [ˌblæk ˈnaɪt] noun [countable] FINANCE
a company that tries to take control of another company by offering to buy large numbers of its shares:

• While not particularly welcome, the black knight is considered more favourably than the hostile bidder.

— compare white knight

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black knight UK US noun [C]
FINANCE a company or person that tries to buy a company whose owners do not want to sell to them: »

In the case of a hostile takeover, the firm making the bid can be referred to as a 'black knight'.

See also GREY KNIGHT(Cf. ↑grey knight), WHITE KNIGHT(Cf. ↑white knight)

Financial and business terms. 2012.