Usually means: Corporate strategy to prevent takeover.
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We found 10 dictionaries that define the word whitemail:

General (3 matching dictionaries)
  1. whitemail: Wiktionary
  2. whitemail: Dictionary.com
  3. Whitemail: Wikipedia, the Free Encyclopedia

Business (6 matching dictionaries)
  1. MoneyGlossary.com (No longer online)
  2. whitemail: Webster's New World Finance & Investment Dictionary
  3. INVESTORWORDS (No longer online)
  4. Whitemail: Bloomberg Financial Glossary
  5. Whitemail: Investopedia
  6. whitemail: Financial dictionary

Slang (1 matching dictionary)
  1. whitemail: Urban Dictionary

Definitions from Wiktionary (whitemail)

noun:  (business) A tactic to resist hostile takeover, in which the target company sells discounted stock to a friendly third party.
noun:  Persuasion based on positive rather than negative effects.
verb:  To persuade.
verb:  (ironic) Of a white person: to carry out blackmail.

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