If its managers make a tender offer and buy all shares that were not held by the management team, this is called a private placement.

Question

Quizplus · Accepted Answer

If the managers buy all the shares that were not held by the management team, it is called a management buyout, not a private placement. A private placement refers to the sale of securities to a select group of private investors, not necessarily the management team.

If Its Managers Make a Tender Offer and Buy All