Last modified on 22 May 2014, at 23:00

greenmail

EnglishEdit

EtymologyEdit

Blend of greenback and blackmail

NounEdit

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Wikipedia

greenmail (plural greenmails)

  1. Profiting from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.
    • 2007, S.R. Vishwanath, Corporate Finance[1], ISBN 0761934979, page 681:
      Greenmails typically result in reduced shareholder value.
    • 2013 July 30, Rick Hoffman as Louis Litt, “Unfinished Business”, Suits season 3 episode 3:
      He's gonna leverage his position, and he's gonna get as much greenmail as he can.

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