Car manufacturing companies Rolling Ronnie Vehicles Ltd , General Passenger Ltd, and Stodgy Martin Ltd each made independent bids to fully acquire Racer Lotus Ltd - a small car manufacturing company (the current highest price offered by one of the potential acquirers is deemed acceptable by most of the Racer Lotus Ltd's shareholders). This acquisition (if it went ahead) could be classified as:

Select one:

a.

Horizontal and friendly acquisition.

b.

Vertical and hostile acquisition.

c.

Conglomerate and hostile acquisition.

d.

Horizontal and hostile acquisition.

e.

Vertical and friendly acquisition.