a(n) _________ occurs when one company buys the property and obligations of another company

The acquisition is the act of acquiring property, such as by buying or taking it. In accounting and finance, an acquisition (also called a purchase) is the purchase of one company by another company.

The target company often agrees to be acquired because they lack other opportunities for growth. It can also occur when a person or group acquires control of more than 50% of the voting shares in a public company where there are no legal impediments to doing so.

The company that is acquired (also known as the target company) will often agree to be acquired because they lack other opportunities for growth. Acquisitions allow companies greater access to new markets, resources and skillsets while allowing them to grow their business even further with the help from others who have market knowledge/expertise.,

There are many benefits an acquisition brings such as increased access to new markets, resources and skillsets which all leverage each other making it easier for both parties involved.