green·mail (gr n m l )n. An antitakeover maneuver in which the target firm purchases the raider's stock at a price above that available to other stockholders. [green, money + (black)mail.] green mailer n. |
greenmail [ˈgriːnˌmeɪl]
n
(Economics, Accounting & Finance / Banking & Finance) (esp in the US) the practice of a company buying sufficient shares in another company to threaten takeover and making a quick profit as a result of the threatened company buying back its shares at a higher price
ThesaurusLegend: Synonyms Related Words Antonyms
| Noun | 1. | greenmail - (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 porcupine provision, shark repellent - a measure undertaken by a corporation to discourage unwanted takeover attempts corp, corporation - a business firm whose articles of incorporation have been approved in some state |
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