Whitemail meaning

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.
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(business) A tactic to resist hostile takeover, in which the target company sells discounted stock to a friendly third party.
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Persuasion based on positive rather than negative effects.
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(ironic) To blackmail a dark-skinned person.
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Origin of whitemail