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Financing Takeovers: Junk Bonds and Leverage Buyouts

D. Anthony Plath (Assistant Professor of Finance, University of North Carolina at Charlotte, North Carolina)

Managerial Finance

ISSN: 0307-4358

Article publication date: 1 January 1991


Corporate takeovers have become a prominent feature of global business. Merger and acquisition activity in the United States alone climbed from $32 billion in 1980 to $300 billion in 1988, an annual rate of increase of 32 percent. The individual size of these transactions has reached an all‐time high. Any company, whatever its size, may be vulnerable as a target.


Plath, D.A. (1991), "Financing Takeovers: Junk Bonds and Leverage Buyouts", Managerial Finance, Vol. 17 No. 1, pp. 19-24.




Copyright © 1991, MCB UP Limited