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.
Nearby Terms
- Similar companies