Respuesta :
Big Lite Inc. purchases Canton Bulbs, its direct competitor, by buying most of its stock. In this scenario, Big Lite Inc. is involved in an Acquisition.
A company makes an acquisition when it buys the majority or all of the shares of another company in order to take over that business. The acquirer can make choices on newly acquired assets without the consent of the target company's other shareholders if they purchase more than 50% of the target company's stock and other assets. Acquisitions, which are quite common in business, may take place with or without the target company's consent. A no-shop clause is frequently present during the approval procedure. Because these enormous and major transactions frequently make the news, we frequently hear about the acquisitions of large, well-known corporations. In actuality, small- to medium-sized businesses merge and acquire one another more frequently than giant corporations.
To learn more about Acquisition here
https://brainly.com/question/15855713
#SPJ1
