white knightwhite knight
- One that comes to the rescue; a savior.
- A person or company that rescues a targeted firm from a takeover attempt by buying the firm.
(plural white knights)
white knight - Investment & Finance Definition
A company that comes to the defense of another company that is subject to an unwanted merger attempt. A white knight often will purchase the targeted company in order to prevent its merger with the would-be acquirer.