greenmail

(redirected from Negotiated Share Repurchases)
Also found in: Thesaurus, Legal, Financial, Encyclopedia.

green·mail

 (grēn′māl′)
n.
The practice of selling shares of a company back to existing shareholders at a price substantially higher than that at which they were bought in exchange for discontinuing a hostile takeover.

[green, money + (black)mail.]

green′mail′ v.
green′mail′er n.

greenmail

(ˈɡriːnˌmeɪl)
n
(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
[C20: a blend of green (sense 8) or greenback (sense 2) + blackmail]

green•mail

(ˈgrinˌmeɪl)

n.
the practice of buying a large block of a company's stock so that the company is forced to repurchase the stock at inflated prices to avert a takeover.
[1980–85; green (in sense “money”) + (black) mail]
green′mail`er, n.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.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
References in periodicals archive ?
The company said the shares may be repurchased through open market share repurchases, privately negotiated share repurchases, accelerated share repurchase programmes, equity options or other similar facilities.
Shares may be repurchased through a variety of methods including open market share repurchases, privately negotiated share repurchases, accelerated share repurchase programs, equity options, or other similar facilities.
The Company from time to time may repurchase shares through a variety of methods including open market share repurchases and privately negotiated share repurchases, depending on market, economic and other factors.

Full browser ?