greenmail
verbEtymology Blend of greenback + blackmail.
1
To profit from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.
- Derived terms
- greenmailer
- Related terms
- blackmail
greenmail
nounEtymology Blend of greenback + blackmail.
1
The profiting from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.
- Greenmails typically result in reduced shareholder value.2007, S.R. Vishwanath, Corporate Finance, →ISBN, page 681:
- He's gonna leverage his position, and he's gonna get as much greenmail as he can.2013 July 30, Unfinished Business (Suits), season 3, episode 3, spoken by Louis Litt (Rick Hoffman):
- Derived terms
- anti-greenmail