greenmail en · NOUN
Pronunciation
- (US) audio
Etymology
Blend of greenback + blackmail.
Meanings
-
(countable, uncountable) The profiting from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.
He's gonna leverage his position, and he's gonna get as much greenmail as he can.
2013 July 30, Unfinished Business (Suits), season 3, episode 3, spoken by Louis Litt (Rick Hoffman):Greenmails typically result in reduced shareholder value.
2007, S.R. Vishwanath, Corporate Finance, →ISBN, page 681:
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| greenmails | Number=Plur | lexicographic |