Assertion: gray knight | /r/CapableOf | enter bid
Facets:
value: for a hostile takeover
type: PURPOSE
Source sentences:
text: A number of variations of the term have been used and these include: a gray knight which is an acquiring corporation or individual that enters a bid for a hostile takeover in addition to the target firm and first bidder, perceived as more favorable than the black knight (unfriendly bidder), but less favorable than the white knight (friendly bidder).