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When management desires to own the business, it may arrange to buy out the stockholders using the company's assets to finance the deal. The bonds
When management desires to own the business, it may arrange to buy out the stockholders using the company's assets to finance the deal. The bonds issued often take the form of high-interest, high-risk "junk" bonds. This defensive tactic is known as:
Group of answer choices
a. Leveraged buyout
b. Greenmail
c. White knight
d. Poison pill
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