Definitions
American Heritage® Dictionary of the English Language, Fourth Edition
- n. An antitakeover maneuver in which the target firm purchases the raider's stock at a price above that available to other stockholders.
Wiktionary
- n. Profiting from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.
GNU Webster's 1913
- n. (Finance), Informal The act, performed by a publicly traded corporation, of paying a corporate raider to give up a takeover attempt, by buying the shares of stock he owns; also, the threat posed by corporate raiders to take over a company unless their stocks are purchased by the company at a price giving them a large profit.
WordNet 3.0
- n. (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
Etymologies
- Blend of greenback and blackmail (Wiktionary)
- green, money + (black)mail. (American Heritage® Dictionary of the English Language, Fourth Edition)
Examples
“Some call it "greenmail" - blackmail cloaked in green.”
“Despite his denials, he has taken greenmail, which is hardly a service to the 47 million American stockholders with average incomes of $37,000 whom he claims to represent.”
“The deal included the paying of "greenmail" to so called "funds" that benefit the "community" as well as the usual deals with the local unions politicians like Garcetti are beholden to.”
“Such corporate restructurings, recapitalizations or mergers with "white knights," unlike the payment of "greenmail" to save managers 'jobs, are ultimately motivated by the same "straightforward economic forces" as the takeovers themselves.”
“In case you want to know why tickets and food are so expensive in the Disney Parks, you can thank these ambulance chasing lawyers whose only goal in life is to run 'greenmail' lawsuits hoping Disney will conclude that it is cheaper to write a check instead of fighting for what is right.”
“One of the sources likened it to "greenmail," the Wall Street term that refers to payments made to hostile investors to go away.”
Boston Business News - Local Boston News | Boston Business Journal
“The Sports Business Journal story, citing sources, suggested that what Kroenke was attempting in terms of a fee from Khan might be construed as "greenmail," a Wall Street term for payments made to hostile investors to go away.”
“He compared the settlement to the "greenmail" that companies paid billionaire Icahn in the 1980s so he would sell shares and walk away from his takeover attempts.”
Ackman's Group Exits Stuyvesant Town Investment With $45 Million Intact - Bloomberg
“First District Supervisor Rocky Rockholm, who placed this item on the agenda, went so far as to call PLAs "greenmail," which for the uninitiated means he feels such documents are used as a form of economic blackmail.”
“Before that, in the 80's we had "greenmail", a smaller housing bubble and Milken et al. This got me thinking about the railroads and stories about how people would start building parallel lines just to get the big boys to buy them out.”
Lists
These user-created lists contain the word ‘greenmail’.
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Open List: Greens
A lits of greens: cooked leafy vegetables; pigments, paint names, compound words, etc; words and phrases that pertain to or contain "green". Please add your favorites!
See this list f...greenery, collard greens, mustard greens, turnip greens, green shoots, viridian green, malachite green, sap green, green grocer, radish greens, beet greens, spring green and 282 more...
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green phrases/ words
green,how its used
green acres, green activist, green alder, green-and-gold, green and pale, green and wan, green anole, green apron, green architecture, green arrow, green ash, green audit and 393 more...
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Economists do it with models
arbitrage, behaviour, capital, dromography, embargo, fiscal, globalisation, hyperinflation, incentive, j-curve, keynesian, labour and 143 more...
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Copeaux of Random Palavery
More randomly selected words to add to my various lists of "Random Palavery". "Copeaux" in the sense of bits, bobs, chips, fragments, pieces. Don't ask why my Random Palavery lists consist of 151...
deshoot, land cress, american cress, bank cress, belle isle cress, bermuda cress, early yellowrocket, early wintercress, scurvy cress, locust valley loc..., massively multipl..., local fluff and 139 more...
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chromatic phrases
blue movie, brown study, purple prose, rosy scenario, golden mean, eminence grise, white nights, bronze age, silver bullet, orange juice, black death, technicolor yawn and 188 more...
Tweets
Looking for tweets for greenmail.
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