Question 1 Leveraged Buyouts (LBOs) Are also called going private transactions Are financed primarily with debt Have not been that common since the 1980s Both a and b Question 2 A letter of intent: e Is legally required in all U.S. deals. Includes more detailed terms than a term sheet. Is more common in closely held acquisitions. None of the above Question 3 In a short form merger: Bidders only submit a two page filling with the SEC Deals usually close within two weeks