GREENMAIL
\ɡɹˈiːnme͡ɪl], \ɡɹˈiːnmeɪl], \ɡ_ɹ_ˈiː_n_m_eɪ_l]\
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paying the raider to give up a takeover attempt (as by an extravagant buyback of the stock they hold in your corporation)
By DataStellar Co., Ltd
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(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
By Princeton University
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A situation in which a person or entity buys enough stock in a company to threaten a hostile takeover. The person or entity can greenmail the victim company into buying back its stock at a higher price in order to avoid the takeover.
By Oddity Software
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It is a type of blackmail as a corporate raider holds enough stock to conduct a hostile takeover. This forces the threatened firm to buy back the raider's shares at an inflated price. just for creating a takeover threat the raider earns a large profit. The action's name comes from needing a lot of 'greenbacks' the nickname for US dollars, to end the threat.
By Henry Campbell Black
