grey knight Meaning in the Cambridge English Dictionary
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Meaning of “grey knight” in the English Dictionary

"grey knight" in Business English

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grey knightnoun [C]

UK ( US gray knight) uk   us   FINANCE
a possible ​buyer of a ​company who ​takesadvantage of problems between the ​company and another possible ​buyer in ​order to take ​control of the ​company: A ​gray knight is a ​potentialacquirer who ​outbids a white knight in a ​hostiletakeover.
(Definition of grey knight from the Cambridge Business English Dictionary © Cambridge University Press)
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