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greenmail
[ green-meyl ]
noun
- 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.
greenmail
/ 藞伞谤颈藧苍藢尘别瑟濒 /
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
Other 亚洲网紅露点 Forms
- 驳谤别别苍顎僲补颈濒顎卐谤 noun
亚洲网紅露点 History and Origins
Origin of greenmail1
亚洲网紅露点 History and Origins
Origin of greenmail1
Example Sentences
Fiss said that companies often try to make corporate raiders go away quietly by paying a premium for the shares they acquired, a practice known as greenmail.
Unions oppose reform because they use threats of environmental lawsuits to 鈥済reenmail鈥 developers for labor concessions.
Critics called this stratagem 鈥済reenmail鈥 and condemned it for ignoring the interests of employees, customers and management.
In 1987, the Internal Revenue Service introduced a tax of 50% on profits from greenmail, and several states passed laws making it hard for companies to buy back stakes from short-term investors at a premium.
In the 1980s, he pioneered 鈥済reenmail鈥 raids in which financiers threatened companies with hostile takeovers unless they were paid a premium to go away.
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