In the 1980s and early 90s corporate raiders purchased stock in some companies and threatened hostile takeovers unless their stock was repurchased at a premium price.

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This is a true statement. In the 1980s and early 90s, corporate raiders used a tactic called greenmail where they would purchase a large amount of stock in a company and threaten to take over the company unless the company bought back their stock at a higher price. This put pressure on the company to pay a premium to avoid a hostile takeover.

In the 1980s and Early 90s Corporate Raiders Purchased Stock