Which of the following statements regarding the various types of acquisitions is incorrect?

Group of answer choices

All acquisitions require a formal shareholder vote in order to be completed

Acquisitions of assets tend to be costlier than mergers due to defensive tactics employed by the managers of the target firm

A consolidation occurs when two different firms combine to create an entirely new business entity

A common motivation for a horizontal acquisition is to increase market share by reducing competition

Though all acquisitions are considered takeovers, not all takeovers are considered acquisitions