Which of the following is true concerning when a private equity firm takes a company private?

Which of the following is true concerning when a private equity firm takes a company private?

I: The public shares of the firm are retired

II: The firm is no longer subject to the controls and oversight required of publicly held companies

III: All of the debt of the firm is taken private

A: I &II only

B: I & III only

C: II & III only

D: I, II, III