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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 ?
News surrounding our industry today is laced with an ever-broadening lexicon, which includes friendly and hostile takeovers, mergers and acquisitions, leveraged buyouts, invaders, white-knights, greenmailers, and the list goes on.
Vice Chancellor Strine says that these are the people with the real commitment to the long-term health of the corporation, and the people who really embody the principal-agent problem are all the governance intermediaries--the proxy firms, the business press, governance academics, the money managers, and particularly the short-term types who are really just greenmailers.