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greenmail

[ US /ˈɡɹinˌmeɪɫ/ ]
NOUN
  1. (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

How To Use greenmail In A Sentence

  • Despite his denials, he has taken greenmail, which is hardly a service to the 47 million American stockholders with average incomes of $37,000 whom he claims to represent. Creative Capitalism
  • This article develops a model in which greenmail and other forms of management resistance to takeovers can benefit shareholders.
  • As the largest US carrier, AA is a smart ‘buy’ right now, for opportunistic greenmailers.
  • Such corporate restructurings, recapitalizations or mergers with "white knights," unlike the payment of "greenmail" to save managers 'jobs, are ultimately motivated by the same "straightforward economic forces" as the takeovers themselves. Junk-Bond Finance
  • Greenmail is the practice of buying larger share of a company's stock to threaten a hostile takeover and reselling it to the company at a price above market value.
  • Conversely, there's the remote chance of a higher bid if greenmailers try to frustrate the 90 per cent acceptance condition.
  • Some call it "greenmail" - blackmail cloaked in green. SacBee -- Latest News
  • In the suit, Charming Shoppes says 10-year-old Crescendo has a "sordid history of greenmailing and corporate raiding," and it alleges the funds misrepresented their intentions. Boards Give Up Taming Act
  • In a strange schoolgirlish way, I was under the impression that elite university dons would teach me how to be a legal $$$ criminal on the level of greenmailers and the like. "Resign, or go commit suicide." Who said that to whom?
  • Family control would prevent any hostile takeover or greenmail attempt.
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