In a ________,a target corporation is acquired by a friendly party that promises to leave the target corporation or its management intact.

Question

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A white knight merger is a scenario where a target corporation is facing a hostile takeover attempt by another company (the "black knight"). In order to avoid being taken over by the black knight, the target corporation seeks out a friendly party (the "white knight") who is willing to acquire the company instead. The white knight promises to leave the target corporation and its management intact, which is different from a hostile takeover where the acquiring company may make significant changes to the target company.

In a ________,A Target Corporation Is Acquired by a Friendly