Greenmail - Situation in which a large block of stock is held by an unfriendly company, forcing the target company to repurchase the stock at a substantial premium to prevent a takeover.
A US term which describes the situation in which a takeover target buys back its own shares from a predator at a premium price, in return for the predator not pursuing a bid.
Greenmail : situation in which a large block of stock is held by an unfriendly company, forcing the target company to repurchase the stock at a substantial premium to prevent a takeover.
a us term which describes the situation in which a takeover target buys back its own shares from a predator at a premium price, in return for the predator not pursuing a bid.