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In this scenario, an investor acquires a 4% stake in Dropbox at $20 per share. Displeased with the company's management, the investor attempts to gain control by making a takeover offer. Dropbox, opposing this move, counters by offering to buy back the shares at $26 each, providing the investor with a $6 profit per share if they agree to withdraw the takeover bid. This repayment to the investor for their shares in order to prevent the takeover is referred to as "green mail."