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greenmail
[ green-meyl ]
noun
, Stock Exchange.
- 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.
greenmail
/ ˈɡriːnˌmeɪl /
noun
- (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
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Other Words From
- greenmailer noun
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Word History and Origins
Origin of greenmail1
green (in sense “money”) + (black)mail
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Word History and Origins
Origin of greenmail1
C20: a blend of green (sense 8) or greenback (sense 2) + blackmail
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