A white squire is similar to a white knight, except it only exercises a significant minority stake, as opposed to a majority stake. A white squire doesn't have the intention, but rather serves as a figurehead in defense of a hostile takeover. The white squire may often also get special voting rights for their equity stake.
Read more about this topic: White Knight (business)
Famous quotes containing the words white and/or squire:
“Little Lamb,
Here I am;
Come and lick
My white neck;”
—William Blake (1757–1827)
“And they both went a walking to Blackberry Fold.”
—Unknown. Squire and Milkmaid; or, Blackberry Fold (l. 20)