Laurie Corp.,a watch manufacturer,purchases Smith Inc.,a manufacturer of pens.This scenario is an example of an acquisition.

Name: Laurie Corp.,a watch manufacturer,purchases Smith Inc.,a manufacturer of pens.This scenario is an example of an acquisition.
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An acquisition happens when one company buys another company. In this scenario, Laurie Corp., a watch manufacturer, purchasing Smith Inc., a manufacturer of pens, represents an acquisition.