When Canadian family-controlled firm Schneider's wanted to block Maple Leaf Foods, they looked to Springfield as a
A) greenmail.
B) golden parachute.
C) white knight.
D) poison pill.

Question

Quizplus · Accepted Answer

A white knight is a third party that makes a friendly takeover offer to a target company that is facing a hostile takeover from another party. In this case, Schneider's sought a friendly entity to help fend off the unwelcome advances of Maple Leaf Foods, making the white knight strategy the correct choice.

When Canadian Family-Controlled Firm Schneider's Wanted to Block Maple Leaf