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bobbym

2,665 Posts.

167

21/12/17

17:54

Post #: 29811419
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Originally posted by StockButcher ↑

The key word is "ACQUISITION" boys.

What is an 'Acquisition'

An acquisition is a corporate action in which a company buys most, if not all, of another firm's ownership stakes to assume control of it. An acquisition occurs when a buying company obtains more than 50% ownership in a target company. As part of the exchange, the acquiring company often purchases the target company's stock and other assets, which allows the acquiring company to make decisions regarding the newly acquired assets without the approval of the target company’s shareholders. Acquisitions can be paid for in cash, in the acquiring company's stock or a combination of both.
Read more: Acquisition https://www.investopedia.com/terms/a/acquisition.asp#ixzz51qu1bb4P

So I guess we (MRD) are BUYING most, if not all, of another firm's "ownership stakes" (Ownership Stake defined: Ownership stake is a share of ownership in a company by its founders) to assume control of it.
I hope they have something good. Fingers crossed.

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MRD Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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