Concept information
Preferred term
greenmail
Definition
- GREENMAIL IS the practice of buying back raiders' shares at a higher market price in order to block a hostile takeover. R. Edward Freeman and colleagues (1987) distinguished between the threat condition for greenmail and the compliance condition. [Source: Encyclopedia of White-Collar & Corporate Crime; Greenmail]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/greenmail
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