

<head> Tipster Topic Description


<num> Number:  053 


<dom> Domain:  International Economics


<title> Topic:  Leveraged Buyouts  


<desc> Description:

Document mentions a leveraged buyout valued at or above 200 million dollars.


<smry> Summary:

Document mentions a leveraged buyout valued at or above 200 million dollars.


<narr> Narrative:

A relevant document will cite a leveraged buyout (LBO) valued at or above 200
million dollars.  The LBO may be at any stage, e.g., considered, proposed,
pending, a fact.  The company (being) taken private must be identified.  The
offer may be expressed in dollars a share.


<con> Concept(s):

1. leveraged buyout, LBO

2. take private, go private

3. management-led leveraged buyout


<fac> Factor(s):
<price> Price:  >= 200 million dollars
</fac>


<def> Definition(s):

Leveraged Buyout (LBO) - Takeover of a company using borrowed funds, with the
target company's assets serving as security for the loans taken out by the
acquiring firm, which repays the loans out of the cash flow of the acquired
company or from the sale of the assets of the acquired firm.