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greenmail

[green-meyl] /ˈgrinˌmeɪl/
noun, Stock Exchange.
1.
the practice of buying a large block of a company's stock in order to force a rise in stock prices or an offer by the company to repurchase that block of stock at an inflated price to thwart a possible takeover bid.
Origin
green (in sense “money”) + (black)mail
Related forms
greenmailer, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for greenmail
  • greenmail is when a target repurchases shares from a real or potential hostile bidder at a premium price.
British Dictionary definitions for greenmail

greenmail

/ˈɡriːnˌmeɪl/
noun
1.
(esp in the US) the practice of a company buying sufficient shares in another company to threaten takeover and making a quick profit as a result of the threatened company buying back its shares at a higher price
Word Origin
C20: a blend of green (sense 8) orgreenback (sense 2) + blackmail
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Slang definitions & phrases for greenmail

greenmail

noun

The buying, at a premium price, of the stock holdings of someone who is threatening to take over a company, in order to induce the person to cease the attempt: The most cited recent case of greenmail occurred this spring and summer as Walt Disney Productions fought to escape a takeover/ But Wall Street analysts agreed that CBS was unlikely to consider such action, since it amounts to ''greenmail''

[1983+; modeled on blackmail]


The Dictionary of American Slang, Fourth Edition by Barbara Ann Kipfer, PhD. and Robert L. Chapman, Ph.D.
Copyright (C) 2007 by HarperCollins Publishers.
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