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A black knight is actually an event you to definitely initiates a hostile takeover quote from the seeking to manage the prospective team. The mark could possibly get make an effort to begin a type of protection for example because the a great poison pill, golden parachute, or wonderful handshake to quit the new black colored knight of doing the acquisition. The fresh terms white knight and black knight can find the supply regarding the adversarial online game away from chess. While you are a light knight is recognized as a savior, a black knight try akin to an enemy. If acquiring organization tries to assume control of another that have the newest consent of one’s target’s panel of administrators, the newest takeover is considered intense.
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