In a hostile takeover situation,what does the term "going private" reference?
A) A leveraged buyout
B) A management buyout
C) An approved buyout
D) A corporate buyout
E) A closely managed buyout

Question

Quizplus · Accepted Answer

A leveraged buyout (LBO) occurs when a group within a corporation (usually management) buys all outstanding corporate stock held by the public. Thus, the group gains control over corporate operations by "going private," or becoming a privately held corporation.

In a Hostile Takeover Situation,what Does the Term "Going Private