In a Merger, a White Knight Is

Multiple Choice

In a merger, a white knight is:

A) a helpful investment banker that makes sure the merger is successful.
B) a third company that buys the acquisition target before an unwanted suitor can.
C) an investor who pays a high price to buy at least 5% of the shares of the acquisition target.
D) a commercial banker that provides a guarantee that the financing for the merger will be available.