White Knights and corporate takeovers

October 10, 2013 | Teresa

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The white knightThe term "white knight" has been in the news a lot lately, with the collapse of Blackberry.  A white knight, as defined by Investopedia is "the "savior" of a company in the midst of a hostile takeover".  Many times company officials seek out such a party to preserve their core business. 

In Blackberry's case, over the years a number of companies have been mentioned. Among them, Google, Amazon, Motorola have been mentioned over time.  Fairfax Financial may be the final white knight, but the story is yet to be finished.

There have been numerous examples of white knights over the years, including Google acquiring Motorola in 2011, Fiat taking over Chrysler in 2009 and a large number during the 2008 financial meltdown that saw financial institutions such as Morgan Chase acquiring Bear Stearns. 

You can seek out Canadian mergers and acquistions using FP Advisor, available through the website with your TPL library card.  This database allows you to search by the name of a company or by industry sector to see what deals are pending or have been completed. 

Interested in reading more about corporate takeovers, hostile and friendly, and mergers and acquisitions?   You might enjoy these titles.

Corporate takeovers1   Corporate takeovers2     Corporate takeovers3