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Due to several years of poor performance, Stanley's Metal Manufacturers, Inc., is closing. Through the use of debt financing, Stanley's workers plan to purchase the

Due to several years of poor performance, Stanley's Metal Manufacturers, Inc., is

closing. Through the use of debt financing, Stanley's workers plan to purchase the

company's stock from current shareholders in order to buy the company, improve

performance, and save jobs. This is called a leveraged buyout.

True

False

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