What are the two types of divestitures? - A sell-off is a divestiture in which assets are sold to another

company. In a spin-off, a new company is created from the assets divested. Shareholders of the divesting

company become shareholders of the new company as well.

What is an LBO? - a leveraged buyout is a transaction in which public shareholders are bought out,

and the company reverts to private status. LBOs are usually finance with large amounts of borrowed

money.

Define synergy. - the ...
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