Greenmail is a takeover defense under which the target firm repurchases a large block of shares at a premium from one or more shareholders in order to end a hostile takeover attempt by those shareholders.

Name: Greenmail is a takeover defense under which the target firm repurchases a large block of shares at a premium from one or more shareholders in order to end a hostile takeover attempt by those shareholders.
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Greenmail involves repurchasing shares at a premium to deter hostile takeover attempts.

Greenmail Is a Takeover Defense Under Which the Target Firm