Splitting AT&T in 1996 into Four Separate Firms Is an Example

question 36

Multiple Choice

Splitting AT&T in 1996 into four separate firms is an example of:

• A)Leveraged buyout.
• B)Spin-off.
• C)Management buyout.
• D)Tender offer.

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Definitions:

Cashier's Check

A check issued by a bank, drawn on its own funds rather than that of a personal account, which guarantees the payee payment.

Certified Check

A check verified by a bank, guaranteeing that the signer has enough funds to cover the amount of the check.

Teller's Check

A check drawn by a bank on its own funds and signed by a teller, typically considered a secure form of payment.

Draft

A preliminary version of a piece of writing or design.