greenmail

English

Etymology

Blend of greenback +‎ blackmail.

Pronunciation

  • Audio (US):(file)

Noun

greenmail (countable and uncountable, plural greenmails)

  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.
    • 2007, S.R. Vishwanath, Corporate Finance‎[1], →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)

  1. (transitive) 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

Further reading

Anagrams

This article is issued from Wiktionary. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.