Adi, a multinational sports shoe manufacturer, has announced its plan to acquire Ree, trading in the same sector, at an estimated value of Rs 3.5 billion. Adi offered to pay over a 20% premium over the last closing price for Ree. This was a mouth-watering deal for Ree, as it was also facing tough competition from Nik, Asex, and Pum, all manufacturing sports shoes. The sports shoe market in Europe is mainly dominated by Nik with a 32% share. Increased market share and cost-cutting through synergies were clear-cut strategies for both Adi and Ree. Adi with its quality products and Ree with its appreciated trending trail shoes planned to capture the scene. You are required to discuss the above acquisition, with regard to: (a) the motivations of Adi to acquire Ree. (b) the different ways Adi can acquire Ree. (c) any defensive strategy Ree can put in place do to resist a takeover by Adi.