The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.


It is a type of blackmail as a corporate raider holds enough stock to conduct a hostile takeover. This forces the threatened firm to buy back the raider’s shares at an inflated price. just for creating a takeover threat the raider earns a large profit. The action’s name comes from needing a lot of ‘greenbacks’ the nickname for US dollars, to end the threat.

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