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» Personal Loan No Credit Check, Online Economics » Management economics » Topics begins with W » White knight
White knight is called at the financial markets an enterprise, which comes with a planned hostile takeover the assumption candidate to the assistance.
The assistance can go from support in the defensive battle up to a combination or an assumption.
In the year 2004 Swiss was acted the enterprise Novartis as white knights in the fight for the assumption of the French-German Pharmakonzerns Aventis by the French enterprise Sanofi
A further example of it is the Porsche Volkswagen coup. In this case Porsche stepped as a "white knight" into feature, by acquiring 32.868.462 (10.26%) Volkswagen common stock. A goal of Porsche is it to increase the portion to approx. 20% of the common stock.
Up-to-date (March 2006) also the Leverkusener Pharmakonzern Bavarian is called "white knight", who had over-bid the assumption offer of the company Merck for citizens of Berlin the enterprise Schering. The "white knight" Bavarian in this case became, since the management of Schering had called the offer financially more attractive and the danger of the misalignment of the enterprise location threatening with the assumption by Merck saw turned away to Darmstadt from Berlin.
See also: Pancho mansion
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