A friendly suitor that a target firm turns to as an alternative to a hostile bidder is called a:
A) Golden suitor.
B) Poison put.
C) White knight.
D) Shark repellent.
E) Crown jewel.

Question

Quizplus · Accepted Answer

A "White knight" is the term used to describe a friendly company that acquires a target company as an alternative to a hostile takeover by another firm. This is often seen as a preferable option for the target company's management and board of directors.

A Friendly Suitor That a Target Firm Turns to as an Alternative