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A group of investors purchased 3 million shares of Buddies Inc., a publicly traded corporation, at a price of $14 per share. The shares are
A group of investors purchased 3 million shares of Buddies Inc., a publicly traded corporation, at a price of $14 per share. The shares are trading in the market for $20. The firm needs proceeds on an urgent basis for expansion purposes. This is most likely an example of a:
A. PIPE transaction.
B. leveraged buyout
. C. venture capital investment.
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