Multiple Choice
The current president and vice-presidents of Mountain Top Consulting have decided to form a private investment group with the sole purpose of purchasing Mountain Top Consulting.These individuals have found a lender who will lend them 85 percent of the purchase cost if they pledge their personal assets as collateral for the loan.The current officers agree to this arrangement,borrow the funds,and purchase Mountain Top Consulting.The purchase of this firm is referred to as a:
A) conglomeration.
B) proxy contest.
C) merger.
D) leveraged buyout.
E) consolidation.
Correct Answer:
Verified
Correct Answer:
Verified
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