Definition of Gray Knight Defense
What is a Gray Knight Defense
A gray knight defense involves the use of a secondary bidder, known as the gray knight, in a hostile takeover attempt. As the secondary bidder, a gray knight will generally make an unsolicited offer to the target company that is higher than the white knight takeover offer.
The gray knight will study how the bidder and the target company interact with each other to see if there are potential problems arising. If there are problems, the gray knight will get involved by taking advantage of the situation for their own benefit. A gray knight is often compared to a circling vulture because of their sit and wait for problems approach before striking.
GlobEx Markets Financial Dictionary of Terms, Phrases and Concepts
The GlobEx Markets financial dictionary is a reference resource that provides the definitions and explanations of various financial terms, phrases and concepts that are used in international finance and global investing. It includes a broad range of financial terms, such as those related to stocks, bonds, currencies, commodities, options, futures, crypto and much more.
A financial dictionary can be useful for anyone who wants to learn more about finance and investing, or who works in the financial industry. It can help clarify the meaning of technical terms and the language used in financial publications, reports and other sources.
Benefits of the GlobEx Markets Financial Dictionary
There are several benefits to using the GlobEx Markets financial dictionary, including:
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Overall, the GlobEx Markets financial dictionary can help improve your understanding of international finance and global investing. It is a valuable tool for anyone who works in the financial industry or who wants to improve their financial literacy.
Related Investment Terms
Black Knight
White Knight
Yellow Knight
