A _____occurs when a group of individuals uses cash to purchase the shares of a firm and takes ownership and control of the firm.

Name: A _____occurs when a group of individuals uses cash to purchase the shares of a firm and takes ownership and control of the firm.
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Question

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A buyout specifically refers to the process where a group of individuals or another company uses cash (or a combination of cash and debt) to purchase the shares of a firm, thereby taking ownership and control of that firm.

A _____Occurs When a Group of Individuals Uses Cash to Purchase