Bankmail
An agreement made between a company planning a takeover and a bank, which prevents the bank from financing any other potential acquirer's bid.
Investopedia Commentary
Bankmail agreements are meant to stop other potential acquirers from receiving similar financing arrangements.
Related Links
The Basics of Mergers and Acquisitions
The Wacky World of M&As
See also: Acquisition, Greenmail, Macaroni Defense, Takeover, Whitemail