White-knight meaning

One that comes to the rescue; a savior.
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A person or company that rescues a targeted firm from a takeover attempt by buying the firm.
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A rescuer; specif., a company that prevents the takeover, viewed as unfavorable, of another company by offering better terms for a merger with it.
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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.
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(business) An individual or corporation that intends to acquire another company in order to avert a hostile takeover.
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(fiction) A hero, savior, or righteous individual.
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