greenmail
noun 1verb 1
Definitions
noun
1
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
1
To profit from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.
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