Case | HBS Case Collection | January 1996

Transportation Displays Incorporated (C): The Case for a Preemptive Restructuring

by Stuart C. Gilson, Joel T. Schwartz, Steve Silver and David Stemerman

Abstract

A company nears the end of a long multiyear turnaround and now must consider how to "cash out" so its management can realize a financial return on investment. The privately held company has several options, including a leveraged ESOP and a leveraged recapitalization.

Keywords: Business Exit or Shutdown; Capital; Employee Stock Ownership Plan; Private Ownership;

Citation:

Gilson, Stuart C., Joel T. Schwartz, Steve Silver, and David Stemerman. "Transportation Displays Incorporated (C): The Case for a Preemptive Restructuring." Harvard Business School Case 296-035, January 1996.