Corporate restructuring

A buyout is simple buying another company (usually, for the exam, the managers of the company taking over the company). Leverage is another word for gearing. So a leveraged buyout is where the company is being bought, but a lot of the money to pay for it is coming from long-term borrowing.

Sir, Can you explain me following things 1) what is divestment ? 2) difference between sell-off and divestment ? 3) main reason for demerger ? 4) difference between spin-off and curve-out ?

Surely all these are explained in your Study Text (or you can find them using Google)?