Question

Miles is a major stockholder in Expert Transmission Services (ETS), a nationwide network of transmission repair shops founded by his father. Currently, ETS

stock is sold on the open market, but Miles has talked to several relatives about his desire to get all of the ETS stock back in his family's hands. Miles is
interested in
Multiple Choice
converting the firm to a general partnership.
O taking the firm private.
forming a master limited partnership.
a hostile takeover of the firm.

Answer 1

Miles's interest in getting all of the ETS stock back in his family's hands suggests that he is interested in "taking the firm private." This means he wants to delist the company's stock from the open market and regain full control of the company, making it privately held rather than publicly traded.