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What kind of acquisition is it?

What kind of acquisition is it?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 16: 

Exercise 16: What kind of acquisition is it? The Blackstone Group Inc. Карра •Reminder: Your job, as a partner in The Blackstone Group Ic., is to evaluate purchasing the Kappa company, implementing operational and financial improvements, and selling the business at the end of five years.
Transcribed Image Text:Exercise 16: What kind of acquisition is it? The Blackstone Group Inc. Карра •Reminder: Your job, as a partner in The Blackstone Group Ic., is to evaluate purchasing the Kappa company, implementing operational and financial improvements, and selling the business at the end of five years.
Expert Solution
Step 1

Mckinsey divided the types of acquisition based on the purpose of such acquisition. 'Acquisition for improvement in target company's performance' is one of them. In such acquisition, the acquiring company takes full control of the daily activities of the acquired company, develops plans for improving the company financially just to sell it after a certain period of time after making a profit.

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