A ________ is another bidding firm that agrees to acquire a particular target in the place of the original bidding firm.
A) golden parachute
B) greenmail
C) white knight
D) crown jewel

Question

Quizplus · Accepted Answer

A white knight is a type of acquisition in which another bidding firm agrees to acquire a particular target in the place of the original bidding firm. The white knight is seen as a more favorable option for the target company, as opposed to the original bidder, who may have hostile intentions.

A ________ Is Another Bidding Firm That Agrees to Acquire