Greenmail Definition Examples How Does It Work
What is Greenmail? The target firm is forced to buy its stock at an increased price to ward off a corporate raider. It is blackmail that gives the corporate raiderCorporate RaiderA corporate raider is an investor who benefits by buying a significant stake in an undervalued company either to influence the decision-making process or to sell it for a profit. The most common example is a change of the board of directors, helping them influence the vital decisions....