greenmail
C2CEFR level
92/100Rarity: very rare
TechnicalRegister
Law noun
A premium buyback of a hostile holder's accumulated block to make the takeover threat go away.
The founders paid greenmail to see the activist off, and the remaining shareholders promptly sued over the sweetheart repurchase.
Business noun
The practice of buying enough shares to threaten a takeover, then selling them back to the target at a premium.
The board's decision to pay greenmail to the raider infuriated long-term shareholders.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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