greenmail
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English
Etymology
Blend of greenback + blackmail
Pronunciation
Noun
greenmail (countable and uncountable, plural greenmails)
- 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, →ISBN, page 681:
- Greenmails typically result in reduced shareholder value.
- 2013 July 30, Unfinished Business (Suits), season 3, episode 3, spoken by Louis Litt (Rick Hoffman):
- He's gonna leverage his position, and he's gonna get as much greenmail as he can.
Derived terms
Verb
greenmail (third-person singular simple present greenmails, present participle greenmailing, simple past and past participle greenmailed)
- To profit from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.
Derived terms
Related terms
- see blackmail