greenmail
Plural: greenmails
Noun
- (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
- The profiting from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.
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.
Origin / Etymology
Blend of greenback + blackmail.
Scrabble Score: 12
greenmail: valid Scrabble (US) TWL Wordgreenmail: valid Scrabble Word in Merriam-Webster MW Dictionary
greenmail: valid Scrabble Word in International Collins CSW Dictionary
Words With Friends Score: 16
greenmail: valid Words With Friends Word