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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 ?
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.
Smith and his family's control of the company's Class B stock protected them from raiders and greenmailers eyeing the cash-rich company.