: failures that are associated with targeted share repurchases (greenmail), failures in which the sole bidder simply withdraws … cumulative effect of canceled mergers is negative. Furthermore, the market reaction to greenmail‐induced takeover failure … announcements is no worse than that of voluntary withdrawals, suggesting that greenmail may play an efficient role in mitigating the …

: failures that are associated with targeted share repurchases (greenmail), failures in which the sole bidder simply withdraws … cumulative effect of canceled mergers is negative. Furthermore, the market reaction to greenmail-induced takeover failure … announcements is no worse than that of voluntary withdrawals, suggesting that greenmail may play an efficient role in mitigating the …

in the years surrounding the greenmail event, and earnings do not significantly improve as would be expected under the … shareholders' interest hypothesis. This result holds after adjusting for greenmail premia net of tax effects. Evidence on … investment spending suggests firms that pay greenmail differ substantially from their industries, but in a negative direction. In …

paper argues that greenmail, like block trading, enables the controlling parties to preserve low levels of ownership …