Answer:
False
Step-by-step explanation:
False.
An acquisition is not a cooperative arrangement between two or more firms, but rather a transaction in which one company buys another company or a significant portion of its assets. The acquiring company takes over the ownership and control of the target company, which becomes a subsidiary or part of the acquiring company's operations.
An acquisition can be formal or informal, depending on the nature of the transaction and the level of due diligence and legal documentation involved. In a formal acquisition, the two companies negotiate and sign a purchase agreement that outlines the terms of the transaction, such as the purchase price, payment structure, and conditions for closing. In an informal acquisition, the acquiring company may simply buy the shares or assets of the target company without a formal agreement or legal documentation.