NO.PZ2018101501000125
问题如下：
National Plastics Corp. is
a leading manufacturer of high-quality injection-molded plastic packaging
materials used by various industries, primarily food and beverage processing
and packaging firms.
On 4 January 2013,
Haines Foods, Inc., launched a hostile takeover bid for all of the shares of
National at $30 per share (a $5 premium in excess of the pre-bid price). Haines
Foods is a national distributor of deli and dairy products. If its bid is
successful, it plans to continue to operate National as a wholly owned
subsidiary.
If Haines Foods is
successful in its attempt to acquire National Plastics, the business
combination is best classified as which type of merger?
选项：
A. Vertical, backward
Horizontal, conglomerate
Vertical, forward
解释：
N 公司是高品质的注塑塑料包装材料制造商，产品用于各行业，主要客户为食品和饮料加工和包装公司。H 公司是一家全国性的熟食和乳制品分销商，已经有成品，需要将食品包装好再出售给下游客户。
两家公司属于统一产业链。
判断上下游的标准是：谁在产业链中距离消费者更近，谁就是下游。H 公司更靠近消费者，属于下游；N 公司属于上游。
所以 H 收购 N，属于 Vertical, backward
分不清上下游
