greenmail means the profiting from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price. Lexicurio rates it Sui generis — a strength score of 93 out of 100.
Etymology
Blend of greenback + blackmail.
noun
- The profiting from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.“Greenmails typically result in reduced shareholder value.”
verb
- To profit from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.