- black knight
- black knight black knight [ˌblæk ˈnaɪt] noun [countable] FINANCEa 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
* * *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'.
Financial and business terms. 2012.