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Company ACQ is planning to acquire Company TAR. ACQ currently has 1,600 shares outstanding and a share price of $55. TAR has 1,100 shares outstanding

Company ACQ is planning to acquire Company TAR. ACQ currently has 1,600 shares outstanding and a share price of $55. TAR has 1,100 shares outstanding and a share price of $20. The synergy of the acquisition is estimated to be $11,000.

(d) Distinguish between a horizontal and a vertical type of acquisition. Give one example of each of the types.

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