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![PDF] What determines leverage in leveraged buyouts? : A study of debt levels in European LBOs | Semantic Scholar PDF] What determines leverage in leveraged buyouts? : A study of debt levels in European LBOs | Semantic Scholar](https://d3i71xaburhd42.cloudfront.net/c4aa40a392a13965fffce5b72513fd83e0f45aa6/8-Figure1-1.png)