greenmail

Definitions

  • WordNet 3.6
    • n greenmail (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
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Usage

In literature:

At first of course everybody just assumed NDI was merely angling for a little greenmail.
"The Samurai Strategy" by Thomas Hoover
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