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    What is greenmail?

    Question #113034. Asked by serpa. (Feb 21 10 10:35 PM)


    Zbeckabee

    		Greenmail or greenmailing is the practice of purchasing enough shares in a firm to threaten a takeover and thereby forcing the target firm to buy those shares back at a premium in order to suspend the takeover.

    The term is a neologism derived from blackmail and greenback as commentators and journalists saw the practice of said corporate raiders as attempts by well-financed individuals to blackmail a company into handing over money by using the threat of a takeover.

    http://en.wikipedia.org/wiki/Greenmail

    Feb 21 10, 10:37 PM

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