When a firm's management takes the firm private with the aid of substantial debt it is known as a(n):

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This situation is describing a Management Buyout (MBO), where the current management of a company uses debt financing to purchase the outstanding shares and take the company private. Tender offers involve a third party attempting to purchase shares from existing shareholders, greenmail offers involve a shareholder threatening a takeover unless they are bought out at a premium, and hostile takeovers involve an outsider attempting to acquire a company against the wishes of its management.

When a Firm's Management Takes the Firm Private with the Aid