A white knight is an alternative buyer of a potential takeover target, who is more favorable to the existing management of the target firm.

Name: A white knight is an alternative buyer of a potential takeover target, who is more favorable to the existing management of the target firm.
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Question

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A white knight is a more favorable buyer who steps in to acquire a company facing a hostile takeover, often preserving the interests of the existing management and shareholders.

A White Knight Is an Alternative Buyer of a Potential