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white knight

   Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia 0.01 sec.

white knight

In business, a company invited by the target of a takeover bid to make a rival bid. The company invited to bid is usually one that is already on good terms with the target company.



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? Mentioned in ? References in classic literature
 
On the second day Iron Hans equipped him as a white knight, and gave him a white horse.
(in which Alice had put 'THE WHITE KNIGHT IS SLIDING DOWN THE POKER.
 
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