Bust-up takeover

Definition:

A leveraged buyout in which the buyer sells off the assets of the target company to repay the debt that financed the takeover.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Tax evasion

Illegal by reducing tax burden by underreporting income, overstating deductions, or using illegal tax shelters.

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