White knight (white knight, apotropaic)

An investor who comes to the aid of the target company in a hostile takeover (a counter-bidder welcomed by the management of a company which is the target of a hostile takeover bid); apotropaic from the Greek APOTRÉPEIN = [to avert an evil]. This is always done to the advantage of the target company if the white knight offers better conditions in the long run (viewed long-term). – See defensive measure, shareholder vote chase, share swap takeover, bidder, buy out, acquisition offer, mergers and acquisitions, poison pill, greenmail, material adverse change clauses, pac man strategy, mandatory offer, shark watcher, spin-off, squeeze-out, voting rights database,
Synergy potential, trade sale, transaction bonus, takeover offer, takeover announcement. – Cf. Annual Report 2006 of BaFin, p. 182 ff (Bayer AG as white knight at Schering).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/