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black knight

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.02 sec.

black knight

In business, an unwanted suitor in a corporate takeover or merger. A black knight is a company that mounts a hostile takeover bid, as opposed to a white knight, a company that rescues the target company from the hostile takeover bid with an agreed takeover or merger.



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? Mentioned in ? References in classic literature
 
The lance of the black knight smote full upon the linden shield of his foeman, the staggering weight of the mighty black charger hurtled upon the gray who went down with his rider into the dust of the highway.
The Outlaw of Torn by Burroughs, Edgar Rice View in context
Well then, and gave him the knight-stroke so I raise you to nobility, who begged for grace for your offense now kneels before me, rise as knight; knavish you have acted, and Knave of Bergen shall you be called henceforth, and gladly the Black knight rose; three cheers were given in honor of the Emperor, and loud cries of joy testified the approbation with which the Queen danced still once with the Knave of Bergen.
A Tramp Abroad by Twain, Mark View in context
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