(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
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greenmail::noun | Spocien Dictionary
| Type | Words |
|---|---|
| Type of | porcupine provision, shark repellent |
Examples of greenmail
greenmail
It's not clear if Icahn is just looking for his usual greenmail or something more.
From the forbes.com
In past forays, Icahn has sometimes walked away with hefty greenmail profits.
From the time.com
Such buyouts at a premium not available to other shareholders are known as greenmail.
From the time.com
The companies will surely think twice before paying more greenmail.
From the time.com
Walt Disney Productions and St. Regis Corp., the forest-products firm, have both been victims of greenmail.
From the time.com
An even more cynical view is that Icahn and his slate just want to be bought off with greenmail of some sort.
From the avc.com
At another company, we would be speculating about whether this might end with a takeover offer or a greenmail payment.
From the stltoday.com
In a greenmail deal, a raider sells his shares in a target company back to the firm for a premium not available to other shareholders.
From the time.com
Steinberg, 44, had just pulled off the latest example of a spreading tactic called greenmail, Wall Street's version of blackmail.
From the time.com
- (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
- Profiting from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price
- Almost blackmail, in that the exercise involves buying enough shares in a company to threaten a takeover bid and all the expenses that exercise involves, but then selling the shares back to the company at a higher price than was made.
- A payoff given to a potential acquirer by a company targeted for a takeover. In most cases, the targeted company buys back its shares at a significantly higher price. In reciprocation for selling the shares back, the suitor agrees to end the attempted takeover.
- Any amount a corporation pays to a shareholder to directly or indirectly buy back its stock.
- Greenmail refers to the state of affairs where the target firm buys back its own assets or shares from the bidding firm at a greater cost.
- The act of acquiring a threatening equity position in a firm and then selling the equity to the existing owners at a premium.
- A corporation's attempt to stop a takeover bid by paying a price above market value for stock held by the aggressor.
- Money paid by a target company to discourage a raider from acquisition. A company buys a stake acquired by a potentially hostile raider at a higher than market price.
