whitemail

Definition

A process where a company tries to prevent a hostile takeover by selling a majority of its stock to a third-party that is seeking to help the company, but not take it over. The company sells the shares to third-party at below-market prices. Whitemail may not halt the takeover attempt all together, but it does make the deal less attractive to the party initiating the takeover attempt.
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white-collar White's rating