Advertising

Greenmail

• A takeover defense under which a target firm repurchases through private negotiation a large block of stock at a premium from one or more shareholders to end a hostile takeover attempt by those shareholders.

• Situation in which a large block of stock is held by an unfriendly company, forcing the target company to repurchase the stock at a substantial premium to prevent a takeover.

 
 Embedded terms in definition
 Firm
Held
Hostile takeover
Hostile
Premium
Shareholders
Stock
Takeover
Target company
Target firm

<< Green shoe Greenshoe option >>

Practical Advice for Everyone on How to Save and Manage Money: No matter how old or young you are, there are some basic things you can do to better manage and protect your money. Here are recommendations from FDIC Consumer News. More...

A real friend is one who walks in when the rest of the world walks out. - Walter Winchell

Advertising



Copyright 2009-2018 GVC. All rights reserved.