Summit Notebook

Exclusive outtakes from industry leaders

Audio – Today’s version of greenmail

November 14, 2006

lipton.jpg 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.

 

 

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