GREENMAIL

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

(corporation) the practice of purchasing enough shares in a firm to threaten a takeover and thereby forcing the owners to buy those shares back at a premium in order to stay in business

Classified under:

Nouns denoting acts or actions

Hypernyms ("greenmail" is a kind of...):

porcupine provision; shark repellent (a measure undertaken by a corporation to discourage unwanted takeover attempts)

Domain category:

corp; corporation (a business firm whose articles of incorporation have been approved in some state)

Credits