Nolo's Plain-English Law Dictionary

Legal Dictionary Home

Greenmail
A situation in which a person or entity (the greenmailer) buys enough stock in a public company to threaten a hostile takeover. The greenmailer offers to end the threat to the company by selling its stock back at a higher price. The term combines the words greenback and blackmail.
LA-NOLO2:CM1.2.1.1.20150623.32264+