Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

friendly suitor

Read a random definition: tripartite lease

A quick definition of friendly suitor:

A friendly suitor, also known as a white knight, is someone or a company that helps protect another company from being taken over by an unfriendly corporation. They do this by either buying a controlling interest in the target company or by making a competing offer. This is different from a corporate raider who tries to take over a company aggressively.

A more thorough explanation:

Definition: A friendly suitor is a person or corporation that rescues a company from an unfriendly corporate takeover. This is done by acquiring a controlling interest in the target corporation or by making a competing tender offer. It is also known as a white knight.

Example: Company A is being targeted by Company B for a hostile takeover. However, Company C steps in and offers to acquire Company A instead, saving it from being taken over by Company B. Company C is the friendly suitor or white knight in this scenario.

Explanation: The example illustrates how a friendly suitor can save a company from being taken over by an unfriendly corporate raider. In this case, Company C is the friendly suitor that rescues Company A from being taken over by Company B. This can happen when the friendly suitor sees potential in the target company and wants to acquire it for strategic reasons, rather than just for financial gain.

friendly society | friendly takeover

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
LSD+ is ad-free, with DMs, discounts, case briefs & more.