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What does greenmail mean?

Looking for the meaning or definition of the word greenmail? Here's what it means.

Noun
  1. Profiting from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.
Verb
  1. To profit from an attempted hostile takeover by forcing the target company to buy back the hostile bidder's shares at an inflated price.
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