The white squire may often also get special voting rights for their equity stake.
2.
A white squire doesn't have the intention, but rather serves as a figurehead in defense of a hostile takeover.
3.
Or First Interstate can find a friendly " white squire " investor to buy a large minority stake in its stock.
4.
Also, a "'white squire "', which is similar to a white knight except it only exercises a significant minority stake, as opposed to a majority stake.
5.
The ESOP was seen as a variation of the " white squire " defense, a strategy in which a company puts a block of shares in the hands of a friendly entity to prevent a would-be acquirer from obtaining a controlling interest.
परिभाषा
a white knight that buys less than a majority interest
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