Summer Foods is a public corporation that is experiencing difficulty growing its vegetable products during an especially dry summer season. Wanting the flexibility to make decisions for restructuring the company's operations, its managers buy all the stock, which means the company is

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In this scenario, the managers of Summer Foods are taking the corporation private to give them the flexibility to make decisions for restructuring its operations. Becoming a private company allows the managers to focus on the needs of the company without having to worry about the stock price for investors.

Summer Foods Is a Public Corporation That Is Experiencing Difficulty