"When Bain borrows all of that money from the bank, it's the target company that ends up on the hook for all of the debt." WTF? How... what?
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@cmuratori so if someone owns 51% of a company, they can legally give themselves 100% of the assets? -
@renderwonk It depends on the share types, but no, they may have to _also_ pay out to the minority holders. But it's share-proportional. - Show replies
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