A takeover is an attempt to seize control of a corporation by purchasing the majority of its outstanding stock. A. True
B. False

A. True.

Explanation:

Organizations sometimes makes a bid to take control of another company by acquiring them, through the purchase of majority of the stocks or outstanding shares in the company to be acquired. Where the above is successful, the process is known as takeover.

In a takeover, the company that is being taken over is the target company, while the company taken over the target is the acquirer. A larger company may take over the smaller company through mutual agreement .

Takeover occurs when a larger company is trying to initiate a change in the smaller company by making it more profitable. They may also find value in the smaller company hence the takeover and also to eliminate competition.

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