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Term in finance
Greenmail or greenmailing is a financial maneuver where investors buy enough shares in a target company to threaten a hostile takeover, prompting the target company to buy back the shares at a premium to prevent the takeover.[1]
Corporate raids involve hostile takeovers of undervalued companies, sometimes through asset stripping or pressuring the sale of valuable assets like real estate. Greenmailers may offer to sell back their shares to the target company at a premium, resulting in losses for the company and its shareholders.
The tactic was used by investors such as T. Boone Pickens and Sir James Goldsmith in the 1980s, who made profits by pressuring companies into repurchasing shares at a premium. For instance, Goldsmith's group acquired stakes in companies like St. Regis, prompting buybacks at a higher price and yielding substantial profits.
Greenmail is a complex corporate strategy, but legal restrictions and counter-tactics, like imposing limits on formal bids and a 50% excise tax on gains in the United States, have made it less common since the early 1990s.
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Greenmail or greenmailing is a financial maneuver where investors buy enough shares in a target company to threaten a hostile takeover, prompting the...
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monster. Refers to jealousy. (See section above on jealousy and envy). Greenmail. A term used in finance and corporate takeovers. It refers to the practice...
low-cost generic drugs to the UK. He was described in the tabloid press as a greenmail corporate raider and asset stripper, a categorisation he denied vigorously...
Coldblooded Man with Uzi 2001 Beyond the City Limits Det. Lomax 2002 Greenmail Simpson Video 2009 My Sister's Keeper EMT 2009 American Cowslip Johnny...
they are either inactive or applied to corporate use.[citation needed] Greenmail Economics Mergers and acquisitions Microeconomics Takeover Industrial...
resolution and execute a standstill agreement to protect their legal rights. Greenmail Economics Mergers and acquisitions Microeconomics Takeover Industrial...
Original language English Subject The world of arbitrageurs, junk bonds and greenmail, white knights and corporate raiders Genre Comedy, satire Setting 1980s...
in 2002 and received a $10 million payment that was characterized as "greenmail" by some, but not all, industry analysts. Meanwhile, by early 2002 it...
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