Fact Pattern 40-2B
Mega Corporation wants to gain control of MiniCo, Inc. The companies negoti?ate for several months, without coming to terms. Mega decides to pursue a takeover at?tempt. MiniCo decides to resist.
-Refer to Fact Pattern 40-2B. MiniCo solicits a merger with NuNation Corporation, a third party, which makes a better offer to MiniCo's share?holders. NuNation is a
A) crown jewel.
B) Pac-Man.
C) poison pill.
D) white knight.

Question

Fact Pattern 40-2B 
Mega Corporation wants to gain control of MiniCo, Inc. The companies negoti?ate for several months, without coming to terms. Mega decides to pursue a takeover at?tempt. MiniCo decides to resist.
-Refer to Fact Pattern 40-2B. MiniCo solicits a merger with NuNation Corporation, a third party, which makes a better offer to MiniCo's share?holders. NuNation is a
A) crown jewel.
B) Pac-Man.
C) poison pill.
D) white knight.

Quizplus · Accepted Answer

A third party that offers a better deal to the target company's shareholders is known as a white knight. Therefore, NuNation Corporation is a white knight in this scenario.