UK Accounting Glossary
An acquisition takes place where one company – the acquirer – acquires control of another – the acquiree – usually through purchase of shares.
The closing of the acquisition is subject to customary closing conditions, including approval of the acquisition agreement by holders of a majority of the companies stock.
We should be able to raise more capital for the acquisition so long as the target company remains profitable.
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This glossary post was last updated: 23rd December 2018.