leveraged buyout (LBO) can best be defined as: Multiple Choice Agreement between firms to cooperate in pursuit of a joint goal. Attempts to gain control of a firm by soliciting a sufficient number of shareholder votes to replace existing management Going private transactions in which a large percentage of the money used to buy the stock is borrowed. Often incumbent management is involved. A corporate takeover bid communicated to the shareholders through a stock exchange. All publicly owned stock in a firm is replaced with complete equity ownership by a private group. A stock exchange bid can best be defined as: Multiple Choice A corporate takeover bid communicated to the shareholders through a stock exchange. Going private transactions in which a large percentage of the money used to buy the stock is borrowed. Often incumbent management is involved. Agreement between firms to cooperate in pursuit of a joint goal. All publicly owned stock in a firm is replaced with complete equity ownership by a private group. Attempts to gain control of a firm by soliciting a sufficient number of shareholder votes to replace existing management