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Greenmail
noun, verb
Definitions
Noun
- 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. countable, uncountable
"Greenmails typically result in reduced shareholder value."
- 2 (corporation) the practice of purchasing enough shares in a firm to threaten a takeover and thereby forcing the owners to buy those shares back at a premium in order to stay in business wordnet
Verb
- 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. transitive
Etymology
Etymology 1
Blend of greenback + blackmail.
Etymology 2
Blend of greenback + blackmail.
See also for "greenmail"
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