This is the acquisition in which th

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Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Opportunity

Question:

This is the acquisition in which the purchasing company becomes a subsidiary of the purchased company.

Options:

Friendly acquisition

Reverse acquisition

Back Flip acquisition

Hostile acquisition

Correct Answer:

Back Flip acquisition

Explanation:

The correct answer is option (3) - Back Flip acquisition