going private

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Going private

When publicly owned stock in a firm is replaced with complete equity ownership by a private group. The firm is delisted on stock exchanges and can no longer be purchased in the open markets.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Going Private

A process in which the senior management of a publicly-traded company or a small group of investors buys all of the company's shares outstanding. Going private gives the management or investor group complete control of the company and allows it to operate without recourse to shareholders. Going private is often highly leveraged. When the management purchases the company, one usually refers to the act as a management buyout.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

going private

The process by which a publicly held company has its outstanding shares purchased by an individual or by a small group of individuals in order to obtain complete ownership and control. The group wishing to take the firm private may feel that the market is undervaluing the shares. In addition, the purchaser(s) may not wish to meet the various requirements imposed on a publicly held company. Also called management buyout.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in classic literature ?
He even took private instruction in English, and succeeded in eliminating his worst faults, though in moments of excitement he was prone to lapse into "you-all," "knowed," "sure," and similar solecisms.
The Bernabeu star then took private jet to Luton Airport before spending the night in London.
In 2001 Mr Smith moved into private equity where he was CEO of Springboard, a listed private equity business which he took private in 2006 backed by Caledonia Investments and Nova Capital, a private equity business, where he subsequently became a director and investment partner.
The defendant managed to involve his victims in affairs with him until he took private pictures of them to blackmail them.
The lawsuit claims that the federal Transportation Security Administration (TSA) took private property without proper compensation when it assumed security screening of airline passengers.
Born to a wealthy Toronto family, Stearns studied in Toronto, London, and at the School of American Ballet in New York City, where she also took private lessons with mentor Alexandra Danilova, a family friend.