Adam Is a Major Stockholder in Precision Transmission Services (PTS)

Multiple Choice

Adam is a major stockholder in Precision Transmission Services (PTS) , a nationwide network of transmission repair shops founded by his father. Currently, PTS stock is sold on the open market, but Adam has talked to several relatives about his desire to get all of the PTS stock back in his family's hands. Adam is interested in _______________________________.

A) taking the firm private
B) a hostile takeover of the firm
C) converting the firm to a general partnership
D) forming a master limited partnership