Posted in Operations and Supply Chain Terms, Total Reads: 929
Definition: White Knight Offer
It is a bid or an offer given to a company which is under a threat of a hostile takeover .the company being taken over due to non payment of debt or on the verge of bankruptcy. The hostile company is termed as a black knight . However the rescuer in this case is the white knight. The white knight is seen as a savior who seems to be going for a gentle takeover.