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white knight

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BNET Business Dictionary

White Knight
a person or company liked by a company's management, who buys the company when a hostile company is trying to buy it.
White Knight definition on BNET »

BNET Resources

What Is a Poison Pill?
“Poison pills” work to thwart hostile takeovers, but they can also turn shareholders against you. How It Works Most poison-pill agreements are triggered when an outside company or individual — think Carl Icahn, for example — acquires ...
Tags: Poison Pill, Shareholder, Investor, Marie C. Baca, Marie Baca, Hostile Takeover, Activist Shareholders, White Knight, Corporate Governance, Acquisitions, Investing, BNET Briefing
Articles 2008-08-11

Additional Resources

Bertie's bail-out rejected
FORMER Taoiseach Bertie Ahern has offered to act as a go-between to help the government find "white knight" investors for Irish banks. Mr Ahern contacted Finance Minister Brian Lenihan in recent days to offer his services in negotiating with foreign investors to attract much needed reinvestment...
Articles 2008-11-23
FBI to run more tests on mystery substance
A suspicious substance mailed to the headquarters of The Church of Jesus Christ of Latter-day Saints is on its way to FBI headquarters in Quantico, Va., for further testing. FBI agents in Salt Lake City said they received a final report from the state health department on...
Articles 2008-11-18
Group can't see its hate
In the article "Prop. 8 foes file complaint against LDS" (Nov. 14), I find it ironic that the man who filed the complaint is with an organization called Californians Against Hate. I am confident that those who sent letters with white powder to two LDS temples and a Knights of...
Articles 2008-11-16
Powder scares at 2 LDS temples
Envelopes containing a suspicious white powder were mailed to two LDS temples and a Catholic fraternity, prompting a hazardous materials response and a federal investigation into who is behind it. The white powder scares were reported Thursday at Salt Lake City's Temple Square, the LDS Church's temple...
Articles 2008-11-14
Sleazy satire gets the panto vote
A Cabinet Minister's husband is due in court for charges relating to his "innovative" overseas investment portfolio. The Home Secretary's child is caught smoking dope. Meanwhile, the Labour Party's chief fundraiser, a flashy Jewish former pop impresario, is raking in the cash from willing donors via "chance" meetings over chilled...
Articles 2008-11-12
Virgin territory
Branson plans test of commercial spacecraft Virgin Galactic's 'WhiteKnightTwo', the mothership of 'SpaceShipTwo', will take to the air for the first time in the next 10 days. Sir Richard Branson, pictured here with a model of the revolutionary, all-carbon composite, four-engine jet, hopes to be at...
Articles 2008-11-09
Gieson Cacho: 'Fable II' brings creator's vision closer to reality
AMBITION is something that isn't lost on Peter Molyneux. The creator of "Populous" and "Black & White" practically oozes it when he talks about his games. When Molyneux first mentioned the original "Fable" almost six years ago, he said he wanted to create the "greatest role-playing game...
Articles 2008-11-06
Hurray, the first win for Eric! CHESS
Byline: By SPENCER TILLBROOK Special Correspondent ERIC BAKER is a relatively new member of Huddersfield Chess Club and, although not in the first flush of youth, he is making rapid progress in improving his game. Today's column shows his first competitive victory for the club, with...
Articles 2008-10-29
Zamalek seek backdoor entry to African Champions League
CAIRO AFP — Former winners Zamalek of Egypt could feature in the 2009 African Champions League despite failing to qualify for the annual competition. National league winners Al-Ahly and runners-up Ismailia filled the slots reserved for the North African country, but the latter opted for the less prestigious...
Articles 2008-10-24
Knights disagree with leader
WASHINGTON -- Upset with a letter from their supreme knight critical of Democratic vice presidential candidate Joseph Biden, some Knights of Columbus have launched a Web site backing Barack Obama for president. Led by Rick Gebhard, a member of Knights of Columbus Council 853 at Guardian Angels Parish...
Articles 2008-10-17
State tennis tourneys wide open
The three state tennis tournaments being played this weekend are expected to come down to the very end. With shuffled lineups and new coaches being thrown into the mix, anything is possible when the 4A and 5A teams take to the courts at Liberty Park, and the...
Articles 2008-10-07
GOSDEN BAGS THE GLORY
WHITE-HOT trainer John Gosden kept his power packed run going in double style at Newmarket yesterday, but this time he gave punters a pair of nasty knockout blows. Donativum and Tazeez handed "Johnny G" an amazing 883-1 double on his local track, hard on the heels...
Articles 2008-10-05
Lone Peak wins another Region 4 tennis crown
OREM -- In what's becoming an annual occurrence, the Lone Peak girls tennis team once again dominated the Region 4 championships by taking four of the five region titles. Whitney White moved up from first doubles last season to tackle the first singles position this year, and...
Articles 2008-10-03
Knights of Jerusalem
Knights of Jerusalem David Nicolle Osprey Publishing 443 Park Avenue South, New York NY 10016 9781846030802, $25.95 www.ospreypublishing.com KNIGHTS OF JERUSALEM: THE CRUSADING ORDER OF HOSPITALLERS 1100-1565 provides a review of one of the more famous Crusading orders of medieval...
Articles 2008-10-01
Knights of Jerusalem
Knights of Jerusalem David Nicolle Osprey Publishing 443 Park Avenue South, New York NY 10016 9781846030802, $25.95 www.ospreypublishing.com KNIGHTS OF JERUSALEM: THE CRUSADING ORDER OF HOSPITALLERS 1100-1565 provides a review of one of the more famous Crusading orders of medieval...
Articles 2008-10-01
Solitary singer and tradition
THERE IS A black and white ketch hanging on the paneled all in Old Cat's organ loft. It shows the inside of a church, row upon row of pews, with a solitary man holding Common Praise and singing his heart out. I admired the detail and asked Old...
Articles 2008-10-01
Treasury will nationalise B&B as talks with white knights continue
Treasury officials were on the threshold of taking ailing Bradford & Bingley into public ownership last night, prior to selling part of the business to Santander, HSBC, or Barclays. With an official announcement promised for today, the BBC reported that the Treasury will nationalise B&B using the...
Articles 2008-09-28
S.Africa consortium interested in Newcastle: report
LONDON AFP — A consortium of South Africa businessmen were on Sunday reported to be interested in purchasing crisis-ridden Premier League side Newcastle. Newcastle have already been in talks with a group of Nigerian tycoons trying to put together enough funds to meet owner Mike Ashley's 400 million...
Articles 2008-09-28
Review: Chevalier strives to be Lafayette's French knight
Philippe Chevalier, whose last name translates to "Knight," has bestowed French cuisine upon Lafayette with his new eponymous restaurant. The chef-owner is offering upscale, mostly Provencal- inspired dishes in the corner of a Moraga Road strip mall. Good reviews weren't enough to keep predecessors Villagio and the Patio afloat in...
Articles 2008-09-24
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