Whitemail

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Whitemail

Sale of a large amount of stock by a company that is the target of a takeover bid to a friendly party at below-market prices, so that the raider is forced to buy more of highly priced shares to accomplish the takeover.

Whitemail

An anti-greenmail provision whereby a publicly-traded company sells a significant portion of its stock to a friendly company, usually at a discount to its market value. Greenmail is a practice in which a corporate raider buys stock directly from shareholders with no intention to actually take over the company, but instead wishes to force the company to buy back its own shares at a significant premium. When the target company engages in whitemail, it sells its shares to the friendly company in the belief or assurance that the friendly company will sell to the corporate raider only at a significant premium. Whitemail makes the greenmail more expensive for the corporate raider, who may then be forced to abandon the attempt.

whitemail

A takeover target's sale of a large number of its own shares at a bargain price to a friendly party. Whitemail causes a takeover to become more difficult and expensive because a corporate raider must purchase additional shares from a party friendly to the target company.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

References in periodicals archive ?

On the other hand, authorities seized from Pombo nine white mail envelopes and sample ballots containing P15,300 in different denominations.

2 men nabbed for alleged vote buying in Sorsogon

They deliver services via a number of methods of communication, such as voice calls, email, web chat, white mail and social media.

Fancy working on behalf of some of the most prominent brands in the world? Here's your chance; Not only will you be given all the training you need to succeed, you will be entitled to a competitive salary and terrific benefits

Data that on its own might seem unimportant--the channel through which someone donates, declining to receive the mug or calendar, preferring email to direct mail, or making "white mail" or unsolicited gifts beyond their sustaining-gift donation--could be very powerful when they are brought together to paint a picture of engagement and interaction.

Dredging the database: 5 tips for becoming a smart analytics consumer

It also led to a rise in the amount of white mail received at Vegreville centre as clients started replying to unnecessary requests or sought clarification.

Canada's Immigration Processing Faces High Error Rate: Government's Internal Report Confirms Previous Complaints

And when it comes to customer service channels supported in contact centers, inbound phone systems continue to be the most common, at 95.1 percent, followed, in order, by email (92.7 percent), white mail (87.8 percent), social media (82.9 percent), and fax (61 percent).

Which interaction channels are most popular? IVR and email top the list, but online customer support gains ground

Spokesman Chris Caldwell said the acquisition of the Ulster company - which provides services across email, telephone, live chat, social media and white mail - was complementary to its services and geographic footprint.

GEM OF A DEAL; nibusinessguy Edited by NIGEL TILSON Ulster firm bought by US giant

With its ability to work with data ranging from machine print through to cursive handwriting on completely unstructured white mail or archives, as well as complex data from columns or lists such as that commonly found within lockbox applications or EOB documents, A2iA DocumentReader is proven to reduce costs and improve business processes.

A2iA DocumentReader[TM] Named a Business Solutions' Enterprise Content Management 'Top Ten Product of 2010'

Most publishers earn a significant amount of revenues from "untraceable orders" that come in over the transom: phone, white mail. It could be tempting to pull back on marketing and rely on them during tough periods but, as one former newsletter association president told me, "If I stop sending mail, I stop getting 'untraceable orders.'"

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Allow extra mailing time for "white mail." There are times when customers need to use their own envelopes.

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Read your company's "white mail" - both compliments and complaints.

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26 William Moore--A White mail carrier from Baltimore shot April 23, 1963, in Attala, Ala., during his one-man march against segregation.

Remembering the martyrs of the movement: the Civil Rights Memorial honors 40 who dies in America for basic freedoms

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