Exclusive outtakes from industry leaders
Audio – Today’s version of greenmail
Listen to how M&A legal guru Martin Lipton views today’s shareholder activism compared with the greenmail strategies of the ’80s.
”Those who are looking for the short term pop are doing today’s version of greenmail,” he said at the Reuters Investment Banking Summit.
Greenmailing is a term coined to describe a strategy by which a company could be pressured to pay off corporate raiders.