Operational and Cultural aspect of acquisition

Acquisition is a corporate action in which a company buys most, if not all, of the target company’s ownership stakes in order to assume control of the target firm. Acquisitions are often made as part of a company's growth strategy whereby it is more beneficial to take over an existing firm's operations and niche compared to expanding on its own.
Acquisitions are often paid in cash, the acquiring company's stock or a combination o...f both. In either case, the acquiring company often offers a premium on the market price of the target company's shares in order to entice shareholders to sell
The main reasons for a company to initiate an acquisition process are:
Synergy
Diversification / Sharpening Business Focus
Growth
Increase Supply Chain Pricing Power
Eliminate Competition