Answered
To purchase two electronic retailers,SoundTrak Inc.borrows $40 million from banks and raised $8 million through preferred stock.After the deal closes,SoundTrak Inc.uses $20 million of cash and assets from one of the acquired retailer to clear $25 million of the bank loan.This is an example of
A) trade credit.
B) leveraged buyout.
C) angel capitalism.
D) venture capitalism.
On Sep 22, 2024