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greenmail

   Also found in: Dictionary/thesaurus, Legal, Financial, Wikipedia 0.01 sec.
greenmail, payment, by a corporation that is a takeover target, of a premium price for the shares of its stock that have been accumulated by the potential buyer. In exchange, the potential buyer stops the takeover bid.
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It said Koury had tried greenmail once before at Kenly-based KS Bancorp Inc.
Darkness before dawn: economic forces that mauled major banks still ... by Maley, Frank / Business North Carolina
Mass media is making a lot of mentions about shareholder fights, hostile takeovers, litigations associated with decisions made at shareholder meetings, greenmail of issuers by minority shareholders, etc.
International Finance Corporation to hold corporate conflict seminar by AKIpress News Agency
I believe they call it greenmail on Wall Street -- that is, the act of buying up enough company stock and cause it enough pain that the controlling interests will just pay to make them go away.
MEDIA GENERAL DISSES HARBINGER by NewsInc
 
 
 
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