DEFINITION of 'Bankmail'

An agreement made between a company planning a takeover and a bank, which prevents the bank from financing any other potential acquirer's bid.


Bankmail agreements are meant to stop other potential acquirers from receiving similar financing arrangements.

  1. Acquisition

    A corporate action in which a company buys most, if not all, ...
  2. Takeover

    A corporate action where an acquiring company makes a bid for ...
  3. Whitemail

    A strategy that a takeover target uses to try and thwart an undesired ...
  4. Macaroni Defense

    An approach taken by a company that does not want to be taken ...
  5. Greenmail

    An antitakeover measure that arises when a large block of stock ...
  6. Letter of Intent - LOI

    A document outlining the terms of an agreement before it is finalized. ...
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  4. How is a tender offer used by an individual, group or company seeking to purchase ...

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  5. How does a company record profits using the equity method?

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