(FINANCE) leveraged buy-out
; when a takeover artist like Kohlberg Kravis Roberts & Co (KKR) arranges to borrow huge amounts of money at high interest, buy a controlling interest in a corporation, and then replace the management so its more profitable. The new profits then pay off the cost of buying the company.
Usually a takeover artist requires a vehicle corporation to carry out an LBO. For example, T. Boone Pickens used Mesa Petroleum against Union Oil in the 1980's.
Lay Bitchez Out
Ready to LBO during tonight's game?
Meaning Lets Bang out
LBO is a gaming clan on PS3
dude LBO is the best clan ever