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A black colored knight is a party one to starts an aggressive takeover quote from the looking to manage the goal organization. The mark get make an effort to start a type of shelter such since the a good poison pill, golden parachute, or golden handshake to stop the newest black colored knight from completing the purchase. The brand new terms light knight and you can black knight are able to find its origin in the adversarial game from chess. When you are a light knight is considered a savior, a black colored knight try akin to a challenger. If obtaining organization tries to take control of another having the newest concur of your target’s board of administrators, the newest takeover is known as intense.

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