Yes janny, a white squire is somewhat similar to the white knight but there’s still a major difference. Just like a white knight, a white squire is also a friendly investor comes to the rescue of the target company to preserve it from a hostile takeover. It purchases a stake in the company as a defense to stop the hostile takeover. Although by doing so, a target company would not lose its independence unlike how it happened in case of white knight defense. This is because the white squire only buys a partial share in the company and not the entire company.