"Greenmail" is a term coined to describe the sometimes extremely high premiums that
firms have paid to repurchase shares of stock from a potential acquirer. In many cases,
management sold significant amounts of debt to fund these targeted repurchases, often
to the point that the firm was in financial distress after the acquirer (or, raider)was
bought off. The media and others raged against these corporate raiders, blaming them
for destroying what were once healthy firms. Do you agree with this assessment?
Discuss.

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The Answer of "Greenmail" is a term coined to describe the sometimes extremely high premiums that
firms have paid to repurchase shares of stock from a potential acquirer. In many cases,
management sold significant amounts of debt to fund these targeted repurchases, often
to the point that the firm was in financial distress after the acquirer (or, raider)was
bought off. The media and others raged against these corporate raiders, blaming them
for destroying what were once healthy firms. Do you agree with this assessment?
Discuss.

"Greenmail" Is a Term Coined to Describe the Sometimes Extremely