hostile leveraged buyout

hostile leveraged buyout definition - business

hostile leveraged buyout

The purchase of a firm, against the wishes of the acquired firm's managers, in which a small group of investors finances the purchase primarily by borrowing. Although leveraged buyouts have become quite common, hostile leveraged buyouts are unusual because lenders financing takeovers generally prefer that the acquired firms' managements remain, albeit under new ownership.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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