Definition of greenmail in English:

greenmail

Line breaks: green|mail
Pronunciation: /ˈgriːnmeɪl
 
/

noun

[mass noun] Stock Exchange
  • The practice of buying enough shares in a company to threaten a takeover, forcing the owners to buy them back at a higher price in order to retain control.
    More example sentences
    • I was acquiring businesses through leveraged buyouts and greenmail which with more forethought I would have left well alone.
    • They bought off would-be raiders with greenmail.
    • By the mid-1990s, state legislatures had taken the lead in opposing greenmail through legislation.

Derivatives

greenmailer

noun
More example sentences
  • That would eliminate any incentive for greenmailers to acquire stock unless they intended to make a formal takeover bid.
  • Conversely, there's the remote chance of a higher bid if greenmailers try to frustrate the 90 per cent acceptance condition.
  • They were given positions of power within the company and provided enough financial support to make warding off the greenmailers possible.

Origin

1980s: blend of green and blackmail.

More definitions of greenmail

Definition of greenmail in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day maelstrom
Pronunciation: ˈmeɪlstrəm
noun
a powerful whirlpool in the sea