Greenmail is an attempt to stop a hostile takeover by offering to buy any stockholder's shares at a price above market.

Name: Greenmail is an attempt to stop a hostile takeover by offering to buy any stockholder's shares at a price above market.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Greenmail refers to the practice where a company buys back its own shares at a premium from a potential acquirer to prevent a hostile takeover, not from any stockholder.

Greenmail Is an Attempt to Stop a Hostile Takeover by Offering