greenmail
Definition
Forcing a firm to buy its own stock (shares) at an inflated price, to ward off a corporate raider who holds enough stock to pose a hostile takeover threat. It is a type of blackmail (which, in the US, calls for a lot of 'greenbacks'—the nickname for US dollars) that nets a raider a handsome profit just for creating a takeover threat.
greenmail is in the Decision Making, Problem Solving, & Strategy and Securities & Futures Trading subjects.
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