A Going-Private Transaction Can Best Be Defined As

A going-private transaction can best be defined as:

A) A corporate takeover bid communicated to the shareholders through a stock exchange.
B) Attempts to gain control of a firm by soliciting a sufficient number of shareholder votes to replace existing management.
C) All publicly owned stock in a firm is replaced with complete equity ownership by a private group.
D) Going private transactions in which a large percentage of the money used to buy the stock is borrowed. Often incumbent management is involved.
E) Agreement between firms to cooperate in pursuit of a joint goal.