MLchartDataset catalogue

Anti-greenmail provision

Term · Law · MLC-T-LAW-000522

A corporate governance measure designed to prevent a company from paying a premium to a hostile bidder to repurchase its shares, thereby stopping a takeover attempt. This provision typically requires shareholder approval for such repurchases or limits the price paid. It protects shareholders from management using corporate funds to entrench themselves.

Table 1. Record
IdentifierMLC-T-LAW-000522
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000522",
  "term": "Anti-greenmail provision",
  "field": "Law",
  "definition": "A corporate governance measure designed to prevent a company from paying a premium to a hostile bidder to repurchase its shares, thereby stopping a takeover attempt. This provision typically requires shareholder approval for such repurchases or limits the price paid. It protects shareholders from management using corporate funds to entrench themselves.",
  "url": "https://mlchart.com/terminology/law/anti-greenmail-provision/"
}

Record 301 of 5,441 in Law terminology (MLC-0107). Request the full dataset.