by DaddyKinkojou January 30, 2017
Get the Green Tail mug.Green Tail refers to an individual who has a mermaid-like appearance, such as some green strands of hair , usually in the summer, or an unusual fishy fragrance surrounding them.
by A-Hizzle April 13, 2011
Get the Green Tail mug.Related Words
Green Tail • greenmail • GreenTalent • Greenmailing • Green day • green • green fn • green beans • GREEN LIGHT • green goblin
(FINANCE) when a corporate raider initiates a hostile takeover of an undervalued corporation with the intent of forcing the management to buy him off.
HOW IT WORKS
A corporate raider engaged in greenmail requires a takeover vehicle to launch a hostile takeover. The takeover vehicle is usually another corporation controlled by the raider, although in recent years ESOPs have been used (e.g., Tribune Corp., 2007). The vehicle buys up a lot of shares of the target company's stock on the market, then announces it wants to acquire a controlling interest.
Management opposes the takeover bid. It can (a) challenge the legality of the takeover, (b) adopt a charter that makes it hard for the takeover vehicle to run the company it's proposing to buy (a poison pill), (c) seek another buyer that is more favorable (a white knight), or (d) borrow a ton of money and buy so many shares that the stock price goes up.
The raider makes a tender offer for the shares he doesn't own. If the target picks (c) or (d), then the raider will probably make a huge amount of money when he suddenly dumps all his shares on the market. His tender offer probably started a bidding war with management, driving share prices to something very high.
WHAT CAN GO WRONG
The management can use (a) or (b) successfully, or it can use (e), viz., launch a hostile takeover bid of the target vehicle. The raider can lose of lot of money if a lot of shareholders have accepted his tender offer.
HOW IT WORKS
A corporate raider engaged in greenmail requires a takeover vehicle to launch a hostile takeover. The takeover vehicle is usually another corporation controlled by the raider, although in recent years ESOPs have been used (e.g., Tribune Corp., 2007). The vehicle buys up a lot of shares of the target company's stock on the market, then announces it wants to acquire a controlling interest.
Management opposes the takeover bid. It can (a) challenge the legality of the takeover, (b) adopt a charter that makes it hard for the takeover vehicle to run the company it's proposing to buy (a poison pill), (c) seek another buyer that is more favorable (a white knight), or (d) borrow a ton of money and buy so many shares that the stock price goes up.
The raider makes a tender offer for the shares he doesn't own. If the target picks (c) or (d), then the raider will probably make a huge amount of money when he suddenly dumps all his shares on the market. His tender offer probably started a bidding war with management, driving share prices to something very high.
WHAT CAN GO WRONG
The management can use (a) or (b) successfully, or it can use (e), viz., launch a hostile takeover bid of the target vehicle. The raider can lose of lot of money if a lot of shareholders have accepted his tender offer.
The most successful greenmail practitioner was T. Boone Pickens, who used Mesa Petroleum (now Pioneer Oil) to greenmail six companies. Eventually he was ousted from his own company.
by Sorry, the good guys lost September 4, 2010
Get the greenmail mug.When you ask your plug if they can drop off some weed but they say you have to come to their apartment and awkwardly stand around while they weigh it out and talk to their girlfriend.
"Yeah man the plug told me he isn't mobile today so I had to go over to his place and I just kinda stood in the corner while he finished his game of smash"
"Shit bro thats some real greenmail right there thats fucked up"
"Shit bro thats some real greenmail right there thats fucked up"
by Wetboi1 June 23, 2021
Get the Greenmail mug.by IvanIV100 May 23, 2019
Get the Greenmailing mug.The absolute sigma able to identify and display facts of knowing that Adster is a secret russian spy who actually has an undying love for Gogeta, but can't express his feelings knowing everyone will hate him, so he decides to ride the bandwagon in secret of his true love.
GreenTalent knows Adster's truth
by Chad Ryan June 23, 2021
Get the GreenTalent mug.The absolute chad of all chads, known commonly as "the one" who everyone loves and simps for, even his enemys know he is the greater life form.
by Chad Ryan June 23, 2021
Get the greentalent mug.