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English definition of “management buyout”

management buyout

noun [C]
 
 
( abbreviation MBO)
FINANCE, WORKPLACE the situation in which a company's senior managers buy the company that they work for, or enough shares in it to get control of it: The group yesterday confirmed it was still in talks which could lead to a management buyout.
(Definition of management buyout from the Cambridge Business English Dictionary © Cambridge University Press)
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