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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.


(Banking & Finance) a person or company who engages in greenmail
References in periodicals archive ?
Above all, the critical responses to the position in favour of using stock repurchases were that it would give broad discretion to the target management, allowing their possible entrenchment, and that it would facilitate greenmailers' requests to buy back their shares, in contrast to the original idea.
However, greenmail was popular precisely because greenmailers were able
Then Prospero amazed the greenmailers by demanding that the land be frozen in time, left to its true owners, the fairies.