WHITEMAIL


Meaning of WHITEMAIL in English

A device employed by a company who is the target of a takeover bid whereby the targeted company sells a large amount of stock to a friendly party at below- market prices so that the raider is forced to buy a large amount of highly priced shares to carry out the takeover.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.