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grey knight

British  

noun

  1. informal an ambiguous intervener in a takeover battle, who makes a counterbid for the shares of the target company without having made his intentions clear Compare black knight white knight

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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Out then spak an auld grey knight, Lay o’er the castle wa’, And says, ‘Alas, fair Janet, for thee But we’ll be blamed a’.’

From Ballads of Mystery and Miracle and Fyttes of Mirth Popular Ballads of the Olden Times - Second Series by Frank Sidgwick

Now haud your tongue, ye auld grey knight!

From English and Scottish Ballads, Volume I (of 8) by Various

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