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.
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Famous quotes containing the words white and/or squire:
“Every white man in this country has been raised with a false sense of power.”
—Roxanne Dunbar (1938)
“There now are no Squire Westerns as of old;
And our Sophias are not so emphatic,
But fair as then, or fairer to behold.
We have no accomplish’d blackguards, like Tom Jones,
But gentlemen in stays, as stiff as stones.”
—George Gordon Noel Byron (1788–1824)