When the management and/or a small group of investors take over a firm and the shares of the firm are delisted and no longer publicly available,this action is known as a:

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A going-private transaction is when the management and/or a small group of investors take over a firm and the shares of the firm are delisted and no longer publicly available. This allows the company to operate without the regulatory and reporting requirements of being publicly traded.

When the Management And/or a Small Group of Investors Take