Greenmail

{
  "id": "MLC-T-LAW-002357",
  "term": "Greenmail",
  "field": "Law",
  "definition": "A hostile takeover defense strategy where a target company repurchases a large block of its own shares from a corporate raider at a premium price, in exchange for the raider agreeing to cease its takeover attempts. This practice is often criticized as a payment to deter a legitimate acquisition. It is a tactic used to prevent a change in corporate control.",
  "url": "https://mlchart.com/terminology/law/greenmail/"
}