Read “The Takeovers in the ‘60s and the ‘80s: Evidence and Implications” (Shleifer and Vishny, 1991)
1. Which of the following are methods by which a company’s structure can be modified?
A. LBOs and privatizations
B. Privatizations
C. LBOs and spin-offs, and carve-outs
D. LBOs, privatizations, spin-offs and carve-outs, and bankruptcies