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An acquisition is the purchase of one company by another, with the acquirer usually considerably larger than the company acquired. A take-over on the other hand is a hostile acquisition this takeover process where the directors of the target company do not wish their firm to be acquired. In the past two decades, merges and acquisitions have been the examples of the most dramatic corporate growth and expansion. In recent years, there has been an expansion in the number of mergers between large corporations these have been caused by a number of reasons, which include globalisation, deregulation, and increased competition in the markets...
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