greenmail
noun
No English definition recorded for this entry.
L321449 on Wikidata ↗Wiktionary
noun
Etymology: Blend of greenback + blackmail.
- The profiting from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.
“Greenmails typically result in reduced shareholder value.”
“He's gonna leverage his position, and he's gonna get as much greenmail as he can.”
verb
Etymology: Blend of greenback + blackmail.
- To profit from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.