In a typical leveraged buyout (LBO) transaction, borrowed money is used to buy a public company for the purpose of
A) expanding its public float
B) protecting its board of directors
C) taking it private
D) prepaying its debts
Answer: C
In a typical leveraged buyout (LBO) transaction, borrowed money is used to buy a public company for the purpose of
A) expanding its public float
B) protecting its board of directors
C) taking it private
D) prepaying its debts
Answer: C