B&G, Inc. A Year Ago, Kevin Went to Work for B&G, Inc.He

Multiple Choice

B&G, Inc.
A year ago, Kevin went to work for B&G, Inc.He has worked for the finance department ever since he started.He noticed that the corporation was only taxed as though it were a partnership.This was something that he found very odd when he first started working for the company, but he later realized it was a fairly common practice.He recognized that this was one of the advantages of this type of corporation.
While the job was challenging, Kevin was not happy.He wanted to work for a company whose main goal was to provide service to the community, not to make a profit.However, Kevin felt that, considering his present financial situation, he had to continue working for B&G, Inc.A week later, Kevin discovered there was going to be a merger between B&G, Inc.and one of its major competitors.Kevin's boss informed him that he would be getting a promotion and a raise.While he was excited about making more money, he still was not happy.He knew then that he would not be working for the company for long.
-Refer to B&G, Inc.If the company had decided to let the managers have the opportunity to purchase the company and take it private with borrowed funds rather than merge with a competitor, it would have been considered a _____.

A) leveraged buyout
B) proxy buyout
C) tender buyout
D) cooperative buyout
E) simple buyout