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greenmail |
Also found in: Legal, Financial, Encyclopedia, Wikipedia | 0.07 sec. |
greenmailPayment made by a target company to avoid a takeover; for example, buying back a portion of its own shares from a potential predator (either a person or a company) at an inflated price. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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From the centre's Buy Green mail order catalogue you can order an amazing variety of items, including a solar fan cap, rustic pencils and a solar cook book. The Company would not entertain such a proposal which amounted only to green mail and brought no value to shareholders. I believe their attempt to impede the merger is a continuation of their effort to obtain green mail. |
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