Shareholders do not like a white knight since it always results in their receiving a lower share price.

Question

Quizplus · Accepted Answer

Shareholders generally prefer a white knight over a hostile acquirer because it can result in a better outcome for the company and ultimately for the shareholders. The white knight may offer a higher price for the shares or better terms for the acquisition, which can lead to higher shareholder value.

Shareholders Do Not Like a White Knight Since It Always