Noun: greenmail 'green,meyl
- (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
"The investor's attempt at greenmail was thwarted by the company's strong financial position"
Derived forms: greenmails
Type of: porcupine provision, shark repellent
Encyclopedia: Greenmail