In a leveraged buyout transaction, a change in control may not have occurred even though a new group of shareholders owns more than 50% of the common stock.

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In a leveraged buyout (LBO), a change in control may not necessarily mean a change in the operational or managerial control of the company, even if a new group of shareholders owns more than 50% of the common stock. The new owners may decide to keep the existing management team in place.

In a Leveraged Buyout Transaction, a Change in Control May