2 definitions found From The Collaborative International Dictionary of English v.0.48 [gcide]: greenmail \green"mail\ n. (Finance) 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. [Informal] [WordNet 1.5] From WordNet (r) 2.0 [wn]: greenmail 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
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