If its managers make a tender offer buying up all shares not held by the management team,this is called a private placement.

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A private placement refers to the sale of securities to a small group of accredited investors, whereas a tender offer is an offer made by a company to buy back its own shares from shareholders. When a management team buys all the shares not held by them, it is called a management buyout (MBO).

If Its Managers Make a Tender Offer Buying Up All