When a smaller company is either driven to such a condition that it has no option but to say yes to the acquisition to save its skin or the bigger company just buys off all its share, thereby establishing majority, such type of acquisition is known as __________.
Answer & explanation
Correct answer: option 2
Hostile acquisition :Here, as the name suggests, the entire process is done by force. The smaller company is either driven to such a condition that it has no option but to say yes to the acquisition to save its skin or the bigger company just buys off all its share, thereby establishing majority
and hence initiating the acquisition.