What is the name for a strategy to cut out shareholders?

I imagine it’s something like, we syrike and demand 60% of controlling shares or else company dies.

Price tanks, workers buy their own discounted shares.

5 years later do it again, seize 60% of the remainder.

Continue until shareholders are fully marginalized and financing is done through regular finite terms loans. Preferably from loans direct from the central bank at the policy rate.