Remove Bidding Remove Collateral Remove Leveraged Buyouts
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Transcript: Steven Klinsky

The Big Picture

And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KLINSKY: In 1979, it was the first leveraged buyout of a public company. We had sold the family business, maybe buy another family business one day through a leveraged buyout. KLINSKY: Yeah.

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Transcript: Armen Panossian

The Big Picture

There would’ve been no bid. 00:19:57 [Speaker Changed] So collateralized loan obligation means that there’s some underlying asset which is used as your collateral, you then break that up into different securities and different tranches and out it goes. But for you guys, there’s no bid.