Gray Knight
A second, unsolicited bidder in a corporate takeover. A gray knight enters the scene in order to take advantage of any problems between the first bidder and the target company. Investopedia Says:
Think of a gray knight as a circling vulture waiting to pick clean the leftovers.
In some parts of the world gray is spelled "grey." Related Terms:
Black Knight
Crown Jewels
Hostile Takeover
Lady Macbeth Strategy
Macaroni Defense
Sleeping Beauty
Takeover
Target Firm
White Knight
Yellow Knight |