greenmail

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Definitions from WordNet

Noun greenmail has 1 sense

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
--₁ is a kind of shark repellent, porcupine provision

Definitions from the Web

Greenmail

Definition: Greenmail refers to the strategy where a company buys a substantial amount of stock in another company and then threatens to take over the target company unless it buys back the stock at a premium.

Example sentences:

The hostile takeover attempt was thwarted when the target company decided to pay greenmail in order to retain control.
The activist investor engaged in greenmail, forcing the board of directors to repurchase his shares at a higher price.

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