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WAEC Commerce 2002 Question 7

Question 7

Business Combinations

An offer by one company to buy up all or greater part of another company's shares is known as

  1. A.merger
  2. B.take-over bid
  3. C.absorption
  4. D.liquidation
Show the answer and explanation

Answer: B (take-over bid)

Explanation

A take-over bid is an offer to buy enough shares to gain control of another company.