Mittal Steel, the world's largest producer of steel, is headquartered in the Netherlands and has operations on four continents. It acquired U.S.-based ISG, a U.S.-owned steel company, in 2004. This is an example of both a cross-border acquisition and
A) backward vertical acquisition.
B) forward vertical acquisition.
C) horizontal acquisition.
D) merger of equals.

Question

Quizplus · Accepted Answer

This is an example of a horizontal acquisition, as Mittal Steel acquired a company in the same industry and at the same level of production as itself.

Mittal Steel, the World's Largest Producer of Steel, Is Headquartered