A white knight, also known as a friendly suitor, is a person or company that assists in protecting another company from being acquired by an unfriendly corporation. This can be done by acquiring a controlling interest in the target company or by making a competing offer. This differs from a corporate raider, who attempts to aggressively take over a company.
A friendly suitor, also known as a white knight, is a person or corporation that intervenes in a hostile corporate takeover to rescue the target company. This can be achieved by acquiring a controlling stake in the target company or by making a competing offer. For instance, if Company A is being pursued by Company B for a hostile takeover, Company C can step in and propose to acquire Company A instead, thereby preventing Company B from taking over. In this scenario, Company C acts as the friendly suitor or white knight. This example demonstrates how a friendly suitor can protect a company from an unfriendly corporate raider. In this case, Company C saves Company A from being taken over by Company B because they recognize the potential of the target company and have strategic motives for the acquisition, rather than solely seeking financial gain.
Yes, a friendly suitor can be held legally responsible for any harm caused to the other party if their actions were negligent or intentional.
Yes, it is legal for a friendly suitor to give expensive gifts during courtship as long as it is done voluntarily and without any coercion or fraudulent intent.
Generally, no. Breach of promise lawsuits are rarely successful as they are considered outdated and not legally enforceable in most jurisdictions.
It depends on the jurisdiction and the specific circumstances. In some places, it may be illegal to record conversations without the consent of all parties involved.
Yes, a friendly suitor can be held liable for defamation if they knowingly spread false rumors about the other party that harm their reputation.
Generally, yes. Hiring a private investigator to gather information is legal as long as it is done within the boundaries of the law and does not involve any illegal activities.
It depends on the jurisdiction and the specific circumstances. In some cases, spouses may be held responsible for each other’s debts, while in others, they may remain separate.
Yes, it is legal for a friendly suitor to ask the other party to sign a prenuptial agreement. However, both parties should seek independent legal advice before signing any legal document.
Yes, a friendly suitor can be charged with stalking if their actions meet the legal definition of stalking, which typically involves a pattern of unwanted behavior that causes fear or distress.
Generally, yes. Using social media to gather information about someone is legal as long as it does not involve hacking, impersonation, or any other illegal activities. However, it is important to respect the other party’s privacy and not engage in any harmful or harassing behavior.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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