A(n)________ acquisition occurs when one company tries to take control over another company against its wishes.
A) proxy
B) hostile
C) horizontal
D) extension
E) conglomeration

Question

Quizplus · Accepted Answer

A hostile acquisition refers to a situation where one company tries to take control over another company against its wishes. This is done by purchasing a substantial amount of the target company's shares in the open market or by launching a takeover bid. In a hostile acquisition, the management of the target company opposes the acquisition and tries to find ways to prevent it from happening.

A(n)________ Acquisition Occurs When One Company Tries to Take Control