Question 18

Orange Smartphones profits are being hurt by the rising costs of Duckcoms semiconductors, which are a key input into making new Orange smartphones. Orange decides to approach Duckcom with a merger proposal, which the Duckcom board initially rejects. Which of the follow most closely describes this proposed merger?

		Conglomerate merger and hostile takeover
		Vertical merger and hostile takeover
		Horizontal merger and friendly takeover
		Conglomerate merger and friendly takeover