In Merger Jargon, White Knights Are

question 12

Multiple Choice

In merger jargon, white knights are

• A)companies that provide aid to the target firm in a takeover battle.
• B)aggressive acquirers.
• C)executives of target companies who offer only token resistance against a takeover.
• D)acquirers preferred to an unfriendly takeover.
• E)a large shareholder who always votes as management wishes.

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Definitions:

Statement of Income

A financial report that shows a company's revenues, expenses, and profits or losses over a specific period of time.

Non-Operating Activities

Transactions and events that are not related to the primary activities of the business.

Main Operations

The core activities or tasks through which a company generates its revenue and income, focusing on its primary business objectives.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB).