Connection lost
Server error
It's every lawyer's dream to help shape the law, not just react to it.
✨ Enjoy an ad-free experience with LSD+
Legal Definitions - white knight
The law is a jealous mistress, and requires a long and constant courtship.
✨ Enjoy an ad-free experience with LSD+
Definition of white knight
Definition: A white knight is a person or company that saves another company from being taken over by an unfriendly corporate raider. This can be done by buying a controlling interest in the target company or by making a competing offer.
Example: When Company A was in danger of being taken over by a corporate raider, Company B stepped in as a white knight and made a competing offer to acquire Company A. This allowed Company A to remain independent and avoid being taken over by the unfriendly corporate raider.
Explanation: The example illustrates how a white knight can rescue a company from being taken over by an unfriendly corporate raider. In this case, Company B acted as a friendly suitor and made a competing offer to acquire Company A, which allowed Company A to remain independent and avoid being taken over by the unfriendly corporate raider.
Ethics is knowing the difference between what you have a right to do and what is right to do.
✨ Enjoy an ad-free experience with LSD+
Simple Definition
A white knight is someone or a company that helps protect another company from being taken over by a hostile company. They do this by buying a controlling interest in the company or by making a competing offer. This is also called a friendly suitor. It is the opposite of a corporate raider.
The only bar I passed this year serves drinks.
✨ Enjoy an ad-free experience with LSD+