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Greenmail

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Greenmail
A situation in which a large block of stock is held by an unfriendly company.
    
This forces the target company to repurchase the stock at a substantial Premium to prevent a takeover. It is also known as a "Bon Voyage Bonus" or a "Goodbye Kiss". Like blackmail, this is a dirty tactic, but it's very effective.
Posted by  Privatebanking.com
 
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