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.
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."
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."
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