Every Saturday I’ll give you a couple of idioms to learn. An idiom is a saying or phrase whose meaning cannot be taken from the literal meanings of the words.
take public: make a corporation public by selling shares to the general public, so the business is no longer privately owned.
Example:
After the father died, the son decided to take the company public.
backroom deal: a business agreement that is conducted secretly.
Example:
The bar owner made several backroom deals with his city councilman to prevent competition from opening up another bar in his neighborhood.