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The Plague Posted 14 years ago
Business & Finance

Need to know a word (broke out)?

Here's the description: Transport Company X bought itself out from Company Y by buying the crane trucks. What's the word I'm looking for? I'd be grateful for help.
  

Top answer

org/dictionary/british/break-away_1#break-away_1__2 "?

— Enoon

  • org/dictionary/british/break-away_1#break-away_1__2 "?
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3 Answers
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Hi

If the managers - and maybe other employees of a company - decide to buy part (or all) of the company, because they think they can run it better, then this is known as a Management Buyout (quite often shortened to MBO)

Dave
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Thanks for the replies! Both your answers are correct and that's what I was looking for.
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