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With international players becoming increasingly prominent in the N.B.A. draft and with buyout amounts escalating, there is a growing sense that FIBA, the sport's international governing body, and the N.B.A. should revamp the system.
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The preferred shareholders sued, arguing that the buyout amounted to a de facto liquidation of the company.
Employees accepting a buyout must leave by a specific date and can't return to federal employment within five years unless they repaid the entire, pretax buyout amount.
Employees accepting a buyout must leave by a specific date and can't return to federal employment within five years unless they repaid the entire, pre-tax buyout amount.
The school must pay Sumlin $10.4 million as a buyout, an amount that will not change if he is hired somewhere else.
Beginning in the 1970s, Mr. Forstmann was a pioneering practitioner of the leveraged buyout — borrowing large amounts of money to acquire companies, fix them and then try to sell them for a profit.
The buyout firms raised record amounts of equity capital before the debt markets collapsed last summer, and many now find it difficult to put that money to work.
Isiah Thomas said a buyout, presumably for an amount less than that, was not an option.
Private equity sponsors obtained $530 billion of leveraged loans in the U.S. alone (another record), yet only 17percentt of that amount supported buyout activity.
The council's rebranding, and its recruitment of smaller firms, was an attempt to promote the industry as doing more than just classic private equity transactions — the risky leveraged buyouts in which large amounts of debt are used to acquire big companies in deals that sometimes end up in bankruptcy.
The leveraged buyout was in the amount of $25 billion (plus assumed debt), and the battle for control took place between October and November 1988.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com