White Squire Law and Legal Definition
White squire refers to an investor who retains a majority stake in the company in an effort to prevent a hostile takeover attempt. The investor acts in the best interest of the company and purchases a large block of stock. It is an antitakeover strategy in which a white squire decreases the possibility of a takeover because the suitor must acquire a significantly greater proportion of the remaining shares in order to complete the takeover.
