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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 ?
Thus, it was possible for a raider or greenmailer to secretly amass shares of a public company and spring itself upon an unsuspecting management.
An accomplished greenmailer, Goldberg, 54, had made millions in the risky business of buying stakes in companies, then selling to raiders or management once the companies were in play.
The purpose of the premium buyback, typically, is to end a hostile takeover threat by the blockholder or greenmailer.
162(l)) was enacted as part of the Tax Reform Act of 1986 in response to the perceived abuse in "greenmail" cases of taking a tax deduction for the amount paid to the greenmailer.
Carl Icahn's exploits as a corporate raider and greenmailer are legendary: