greenmail
[ green-meyl ]
/ ˈgrinˌmeɪl /
noun Stock Exchange.
the practice of buying a large block of a company's stock in order to force a rise in stock prices or an offer by the company to repurchase that block of stock at an inflated price to thwart a possible takeover bid.
Origin of greenmail
green (in sense “money”) +
(black)mail
OTHER WORDS FROM greenmail
green·mail·er, nounWords nearby greenmail
greenlander,
greenlandic,
greenlawn,
greenlet,
greenling,
greenmail,
greenmarket,
greenness,
greenock,
greenockite,
greenough
British Dictionary definitions for greenmail
greenmail
/ (ˈɡriːnˌmeɪl) /
noun
(esp in the US) the practice of a company buying sufficient shares in another company to threaten takeover and making a quick profit as a result of the threatened company buying back its shares at a higher price
Word Origin for greenmail
C20: a blend of
green (sense 8) or
greenback (sense 2) +
blackmail