grey knight


grey knight
grey knight UK US UK (US gray knight) noun [C] FINANCE
a possible buyer of a company who takes advantage of problems between the company and another possible buyer in order to take control of the company: »

A gray knight is a potential acquirer who outbids a white knight in a hostile takeover.

Compare BLACK KNIGHT(Cf. ↑black knight), WHITE KNIGHT(Cf. ↑white knight)

Financial and business terms. 2012.

Look at other dictionaries:

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