Question

Daynon Inc. acquires Leeston Corp. against the opposition of Leeston's board of directors. This exemplifies a:

a) Horizontal merger
b) Vertical merger
c) Hostile takeover
d) Conglomerate merger

Answer 1

A hostile takeover occurs when one company acquires another against the opposition of the target company's board of directors.

Step-by-step explanation:

A hostile takeover occurs when one company acquires another against the opposition of the target company's board of directors. In this case, Daynon Inc. acquires Leeston Corp. despite the resistance from Leeston's board of directors. Therefore, the correct answer is c) Hostile takeover.