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 What is Greenmail?
Greenmail is a business tactic used by a company, a syndicate or an individual to threaten another company and make money...
Category:
Updated On: 10/26/2009
[Total Votes: 18, Hits: 98]  Print
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Greenmail is a business tactic used by a company, a syndicate or an individual to threaten another company and make money. After buying a good number of shares of a company, they threaten a takeover. A bargain is then struck to force the company to buy back its shares at an exorbitant rate. ‘Greenmail’ has been derived from greenback and blackmail, and is also called a ‘goodbye kiss’.
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Greenmail, Business tactic, Buying good number of shares, Exorbitant rate, Greenback, Blackmail, Goodbye kiss
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