In a carve-out, a rm: a. purchases a company in a new industry and sells its shares to existing shareholders. b. distributes the stock off

In a carve-out, a firm: 

a. purchases a company in a new industry and sells its shares to existing shareholders. 

b. distributes the stock off its new company to existing shareholders. 

c. distributes the stock of its new company to outside investors. 

d. purchases a company in a new industry and sells its shares to outside investors