0 a person or organization that saves a company from financial difficulties or from a takeover by putting money into the company or by buying it
1 a person or company that buys shares in a company to stop someone else taking control of it in a takeover:
The first type, the white knight, refers to the friendly acquirer of a target firm in a hostile takeover attempt by another firm.
Any company which is the subject of a bid from a less efficient company can counter-bid or look to a white knight to do so.
It could do its corporate image a great deal of good if it were to ride in like a white knight and save the site.
I begin by congratulating the white knight who introduced it with an elegant speech and who spoke passionately for us all.
He sees himself as some kind of white knight.
I would be very grateful if some white knight would appear on the horizon and donate £8,000 to my political association with no strings attached.
The alleged "white knight" who took over the company and then asset-stripped it left the pension fund £5 million short.
The legislation gives small radio stations no chance to seek and accept a white knight—an acceptable controller—as opposed to one of those in the radio field.
