Cuddles Pajama Company's owners are retiring. Their employees want to continue providing the world with comfy loungewear both today and far into the future, so they borrow money against the value of their homes in order to buy the company themselves and become its new owners. This is an example of a(n)
A) hostile takeover.
B) merger.
C) tender offer.
D) franchise.
E) employee buyout.
Correct Answer:
Verified
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