7-Eleven
In the late 1980s, Southland Corporation was threatened by plans for a corporate takeover. The Thompson family turned the company into a private model by buying out public shareholders in a tender offer. In December 1987, John Philp Thompson, the chairman and CEO of 7-Eleven, completed a $5.2 billion management buyout of the company. The buyout suffered from the effects of the 1987 stock market crash. The company had to offer stocks to get people to buy the company's bonds.