White Knights

White Knights are benevolent entities or individuals that intervene to help a company facing takeover threats from hostile buyers. When an unwanted purchaser attempts to acquire a firm, a White Knight may step in, offering a friendly acquisition or strategic partnership to preserve the company's independence and protect its value. This tactic provides the target company with a more favorable alternative, ensuring they maintain control and potentially securing better terms. Essentially, a White Knight acts as a savior, preventing undesirable takeovers by proposing mutually beneficial resolutions.