greenmail

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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

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References in periodicals archive ?
It was intended to stop the common practice of deducting greenmail payments made to halt hostile takeovers.
Deducting noncompetition payments in connection with redemptions
As a result of Five Star Manufacturing, some corporate taxpayers took the position that greenmail payments were deductible.
INDOPCO and the tax treatment of reorganization costs
In addition to withdrawing TAM 8516002, TAM 8626001 specifically considered the treatment of greenmail payments.
Takeover expenses: National Starch and the IRS add new wrinkles
6 /PRNewswire/ -- Proposed limitations on greenmail payments by Jefferson-Pilot Corporation (NYSE: JP) have been "reluctantly withdrawn" by Resources Planning Corporation (RPC), a long-term JP shareholder.
JEFFERSON-PILOT SHAREHOLDER WITHDRAWS ANTI-GREENMAIL PROPOSAL
Observation: This decision could adversely affect corporations that paid and deducted greenmail under a survival theory by threatening the deductibility of greenmail payments.
Deducting buyback costs
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