AbstractInside M&A: Managing Risk Through RestructuringChapter OverviewWhy Do Firms Exit Businesses?DivestituresSpin-OffsEquity Carve-OutsSplit-Offs and Split-UpsTracking, Targeted, and Letter StocksRestructuring Implementation IssuesKey Restructure Legal DocumentsComparing Alternative Exit and Restructuring StrategiesChoosing Among Divestiture, Carve-Out, and Spin-Off Restructuring StrategiesDeterminants of Returns to Shareholders Resulting From Restructuring StrategiesSome Things to RememberChapter Discussion Questions