Question

A leveraged buyout refers to:

a. a firm restructuring itself by selling off unrelated units of the company's portfolio.

b. a firm pursuing its core competencies by seeking to build a top management team that comes from a similar background.

c. a restructuring action whereby a party buys all of the assets of a business, financed largely with debt, and takes the firm private.

d. an action where the management of the firm and/or an external party buys all of the assets of a business financed largely with equity.

Answer

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