noun[mass noun] Stock Market
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.
- 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.
- 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.
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