管理层收购 guǎn lǐ céng shōu gòu

DEFINITIONS

  1. management buyout (MBO)

CHARACTERS

管 guǎn pipe, tube, duct; woodwind music
理 lǐ reason, logic; manage
层 céng story, layer, floor, stratum
收 shōu gather together, collect; harvest
购 gòu buy, purchase; hire