its managers make a tender offer and buy all shares that were not held by the management team, this is called a private placement.

Name: its managers make a tender offer and buy all shares that were not held by the management team, this is called a private placement.
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Question

Quizplus · Accepted Answer

A private placement involves the sale of securities to a select group of investors, not just the managers of the company. A tender offer may be part of a private placement, but it does not define it.

Its Managers Make a Tender Offer and Buy All Shares