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Simple English definitions for legal terms

white knight

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A quick definition of white knight:

A white knight is someone or a company that helps protect another company from being taken over by a hostile company. They do this by buying a controlling interest in the company or by making a competing offer. This is also called a friendly suitor. It is the opposite of a corporate raider.

A more thorough explanation:

Definition: A white knight is a person or company that saves another company from being taken over by an unfriendly corporate raider. This can be done by buying a controlling interest in the target company or by making a competing offer.

Example: When Company A was in danger of being taken over by a corporate raider, Company B stepped in as a white knight and made a competing offer to acquire Company A. This allowed Company A to remain independent and avoid being taken over by the unfriendly corporate raider.

Explanation: The example illustrates how a white knight can rescue a company from being taken over by an unfriendly corporate raider. In this case, Company B acted as a friendly suitor and made a competing offer to acquire Company A, which allowed Company A to remain independent and avoid being taken over by the unfriendly corporate raider.

whitehorse case | Whiteley rule

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@JumpySubsequentDolphin: don't worry I just texted to check in bc last time I saw her she had some mental health struggles
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happy to report she is in a much better place now
Dkk
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Rest in peace!
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still alive brother
Dkk
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triplethread
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JumpySubsequentDolphin
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you failed the test
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Dkk
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