Greenmail - Law Dictionary Search Results
Home Dictionary Name: greenmailgreenmail
greenmail [green (money) + -mail (as in blackmail)] : the practice of buying enough of a company's stock to threaten a hostile takeover and reselling it to the company at a price above market value ;also : the money paid for such stock greenmail vt green·mail·er n ...
greenmail
The act performed by a publicly traded corporation of paying a corporate raider to give up a takeover attempt by buying the shares of stock he owns also the threat posed by corporate raiders to take over a company unless their stocks are purchased by the company at a price giving them a large profit...
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