Corporate restructuring comes in many flavors, including financial and transactional methods. Corporate restructuring can include a reconfiguration of the balance sheet via issuing a special dividend, share repurchases, or recapitalizations. Financial restructurings are designed to make the capital structure more efficient or can be used to defend against a takeover effort. Transactional restructurings include a reconfiguration of assets or operations. Such methods are typically divestitures, spin-offs, split-offs, and equity carve-outs. Other less common transactions are tacking stock, leveraged buyouts, leveraged ESOPs, or complete liquidations.