Hidden Valley Communications,Inc

Multiple Choice

Hidden Valley Communications,Inc. ,located in a remote area of Utah,made a special device that was used in 4th generation cell phones.After three years of local operations,the company that employed 4,000 people was planning to close its Utah operation and move the assembly offshore.Under the direction of a financial services company that financed the deal,the employees agreed to become owners of the company and continue to operate the business.The business concept that describes this arrangement is:

A) IPO initial public offering) .
B) LBO leveraged buyout) .
C) EPO equity public offering) .
D) HM horizontal merger) .