Question

GL Inc., a firm facing the threat of bankruptcy, did not want to be acquired by Red Phoenix Inc. because it would make drastic changes to the business, laying off employees and changing the nature of its products and processes. Thus, the management of GL Inc. approached Fortium Inc., which was willing to acquire GL Inc. and maintain the company as is. In this scenario, Fortium Inc. is referred to as a:

Answer 1

white knight

Step-by-step explanation:

White knight -

It is a hostile and friendly takeover by the some company , is known as white knight .

where as , a black knight is type of unfriendly takeover .

Hence , white knight is preferred to be a hostile one than the black knight .

hence , from the question , In the given scenario , Fortium Inc. is referred to as a white knight .