The Leveraged Buyout as a Means of Financing Acquisitions
Lon Taylor
(Partner in the Houston office of Spicer & Oppenheim, an international accounting, tax, and management consulting firm)
280
Abstract
During the last five years, Safeway and Fairchild Industries sold major divisions to existing management. Carl Icahn acquired a majority interest in TWA. And, entrepreneur Ted Turner attempted unsuccessfully to acquire CBS. The common factor in these transactions? The leveraged buyout (LBO).
Citation
Taylor, L. (1988), "The Leveraged Buyout as a Means of Financing Acquisitions", Journal of Business Strategy, Vol. 9 No. 6, pp. 58-60. https://doi.org/10.1108/eb039273
Publisher
:MCB UP Ltd
Copyright © 1988, MCB UP Limited