greenmail
- The act of purchasing a large share of a corporation's stocks with the goal of inducing a hostile takeover, and then selling those stocks back to the corporation at a price higher than the market value
- After examining their strategy, it became clear that the investors were attempting greenmail by buying a significant share of the company's stocks.
- The group used a tactic known as greenmail to pressure the corporation into buying back their stock at an inflated price.
- Using greenmail as their strategy, the investors bought a large number of stocks and later resold them to the company at a much higher price.
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