Hungary issued bonds worth 1 billion euros with success in July 2009. Citi group oversaw the acquisition. The bonds are being issued by the government of Hungary.
An acquisition occurs when one business buys the majority or all of the stock of another business to take over that business. In order to make decisions regarding newly acquired assets without the consent of the target business's other shareholders, the acquirer must purchase more than 50% of the shares and other assets of the target company. Acquisitions can take place with or without the target company's consent and are a typical occurrence in business. During the approval procedure, there is frequently a no-shop provision.
Due to the tendency of these massive and important transactions to dominate the headlines, we frequently hear about acquisitions of major, well-known enterprises. Contrary to popular belief, small- to medium-sized businesses frequently combine and acquire one another (M&A) rather than giant corporations.
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