An acquisition is a formal and legal agreement between two organizations for the purpose of creating a new entity, typically with a new name

Name: An acquisition is a formal and legal agreement between two organizations for the purpose of creating a new entity, typically with a new name
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Question

Quizplus · Accepted Answer

An acquisition involves one company purchasing another, and the acquired company may be absorbed or continue to operate under its existing name, rather than creating a new entity.

An Acquisition Is a Formal and Legal Agreement Between Two