If General Electric,a highly diversified company,were to acquire Ocean Freight Limited,the acquisition would be classified as a _____ acquisition.

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Quizplus · Accepted Answer

A conglomerate acquisition is when a company acquires another company that is in a completely different industry or business line, as opposed to a vertical or horizontal acquisition where the companies are in the same industry or business line. Since General Electric is highly diversified and Ocean Freight Limited is in the ocean freight industry, it would be considered a conglomerate acquisition.

If General Electric,a Highly Diversified Company,were to Acquire Ocean Freight