what are some defense strategies against hostile takeovers 
target firms that face hostile takeovers have different strategies available to them including the white knight poison pill golden parachute crown jewel or a pac man defense the bottom lineas the name implies a white knight defense involves a savior who comes in to save a company from being acquired by an unfriendly bidder it s just one of many strategies that corporations have at their disposal to prevent them from being the subject of a hostile takeover although the white knight strategy doesn t mean the target remains independent it does ensure that the company is acquired on its terms by a friendly acquirer 