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Paula and Chuck want to acquire Floral Works, a floral design company. However, they don't have the funds, so they borrow money from the bank,

Paula and Chuck want to acquire Floral Works, a floral design company. However, they don't have the funds, so they borrow money from the bank, using Floral Works' assets to guarantee repayment of the loan. What kind of business transaction is this?

Group of answer choices

a poison pill

a vertical merger

a leveraged buyout

a horizontal merger

a conglomerate merger

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