TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

black knight [1 record]

Record 1 2010-11-23

English

Subject field(s)
  • Amalgamation and Partnerships (Finance)
  • Commercial Law
  • Investment
DEF

A person or firm that makes an unwelcome takeover bid for a company.

CONT

A black knight is a company that mounts a hostile takeover bid, as opposed to a white knight, a company that rescues the target company from the hostile takeover bid with an agreed takeover or merger.

French

Domaine(s)
  • Fusion, absorption et coparticipation (Finances)
  • Droit commercial
  • Investissements et placements
DEF

Société initiatrice d'une offre publique lancée sans l'accord de la société convoitée, pour en prendre le contrôle.

Spanish

Campo(s) temático(s)
  • Consolidación y asociaciones (Finanzas)
  • Derecho mercantil
  • Inversiones
DEF

Financiero que elige como presa a una sociedad de capital social relativamente reducido por comparación a sus amplios activos, a fin de comprar sigilosamente un paquete significativo de sus acciones y lanzar a continuación una OPA [oferta pública de adquisición].

OBS

En ocasiones, en vez de llegar a hacerse con el control total de la empresa poco a poco, y completarlo después con una OPA [oferta pública de adquisición], el caballero negro puede conformarse con "calentar" los títulos, subiendo sus cotizaciones, para así obtener sustanciosas plusvalías con su posterior venta.

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