Work each of the following problems on your calculator. Do not write down or round off any intermediate answers. 
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Definitions:
Vertical Acquisition
The acquisition of a company operating within the same industry but at a different level of the supply chain, enhancing supply chain efficiency.
Horizontal Acquisition
The process of a company acquiring another company in the same industry at the same level of the supply chain to enhance its market share.
Conglomerate Acquisition
A conglomerate acquisition occurs when a company buys another company in a completely unrelated business sector, aiming for diversification of business interests.
Poison Pill
A defensive strategy used by companies to prevent or discourage hostile takeovers by making the company less attractive to the acquirer.
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