28 Pages Posted: 17 May 2012
Date Written: 1988
The article discusses the phenomenon where company executives borrow money using the company’s assets as securities to repurchase the firm’s share from its public stockholders. The article explores conflict of interest concerns that arise here and discusses how they may be resolved.
Keywords: management buyout, leveraged buyout, tender offers
Suggested Citation: Suggested Citation
Morrissey, Daniel J., Law, Ethics, and The Leveraged Buyout (1988). University of Detroit Mercy Law Review, Vol. 65, No. 3, 1988. Available at SSRN: https://ssrn.com/abstract=2060342