GREENMAIL

greenmail

(noun) (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

Source: WordNet® 3.1


Etymology

Noun

greenmail (countable and uncountable, plural greenmails)

Profiting from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.

Verb

greenmail (third-person singular simple present greenmails, present participle greenmailing, simple past and past participle greenmailed)

To profit from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.

Anagrams

• Megrelian, marine leg

Source: Wiktionary



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Word of the Day

5 February 2025

CARE

(noun) activity involved in maintaining something in good working order; “he wrote the manual on car care”


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Coffee Trivia

The world’s most expensive coffee costs more than US$700 per kilogram. Asian palm civet – a cat-like creature in Indonesia, eats fruits, including select coffee cherries. It excretes partially digested seeds that produce a smooth, less acidic brew of coffee called kopi luwak.

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