greenmail

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  • noun

Words related to 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

References in periodicals archive ?
From the centre's Buy Green mail order catalogue you can order an amazing variety of items, including a solar fan cap, rustic pencils and a solar cook book.
Another source of income was the practice of green mail.
Janet M Hickinbotham, Hall Green Mail, November 11, 1970
The Company would not entertain such a proposal which amounted only to green mail and brought no value to shareholders.
I believe their attempt to impede the merger is a continuation of their effort to obtain green mail.