(third-person singular simple present whitemails, present participle whitemailing, simple past and past participle whitemailed)
whitemail - Investment & Finance Definition
A tactic to avoid an unwanted takeover attempt in which the company that is the target sells stock to a friendly company at below-market prices. In order for the potential acquirer to prevail, the company will have to the buy additional shares of stock in order to take over the company. This will cause the purchase price to rise. Whitemail thus makes the takeover less attractive.