greenmail
IPA: grˈinmeɪɫ
noun
- Profiting from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.
verb
- To profit from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.
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Examples of "greenmail" in Sentences
- He was a greenmail corporate raider and asset stripper.
- Essentially, the board authorized the payment of greenmail to Maremont.
- In the late 1980s, Perelman was repeatedly accused of engaging in greenmail.
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