"In business, a takeover is the purchase of one company (the target) by another (the acquirer, or bidder). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company."

https://en.wikipedia.org/wiki/Takeover http://www.investopedia.com/terms/t/takeover.asp

OK, but my meaning was hopefully clear. It's essentially a leveraged MBO.