greenmail


green·mail

noun \ˈgrēn-ˌmāl\

Definition of GREENMAIL

:  the practice of buying enough of a company's stock to threaten a hostile takeover and reselling it to the company at a price above market value; also :  the money paid for such stock
greenmail transitive verb
green·mail·er \-ˌmā-lər\ noun

First Known Use of GREENMAIL

1983

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