An ownership structure in which Opal Limited acquires shares in Pearl Limited before Pearl Limited acquires shares in Quartz Limited is known as:

A) a sequential acquisition.
B) a consequential acquisition.
C) an aggregate acquisition.
D) a multiple acquisition.

Sequential Acquisition

An acquisition in which the ultimate parent acquires its shares in the immediate parent before the immediate parent acquires its shares in the ultimate subsidiary, or both acquisitions occur on the same date.

Ownership Structure

The way in which ownership rights and responsibilities are distributed among the various owners of a corporation, including shareholders and stakeholders.

Shares

represent units of ownership interest in a corporation or financial asset, providing shareholders with a claim on part of the company's assets and profits.