Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

friendly suitor

Read a random definition: innocent-owner defense

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
THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
LSD+ is ad-free, with DMs, discounts, case briefs & more.