Is this another leveraged buyout? When are they going to make that illegal? You can't even do that in a game of 18xx, and lord knows those are cut throat enough.
Never. Doing a company buyout that is 'leveraged' just means it uses at least $1 in debt. Banning that is impractical and probably deeply harmful to the economy.
Furthermore, the 'losers' in an LBO that crashed are first the equity holders, who did the deal, and then maybe debtholders, who were well informed about the risks.
If Company X is an LBO target, gets bought out, does poorly, goes bankrupt, and gets sold a for a reduced value it may continue to operate with little change in the day-to-day.