Review the Media Release from Coates dated 23 October 2006, Coates acquires Bennett Hire business.

1. Describe the main features of the action Coates is taking, making sure that you explain the term acquisition.
2. How does this action fit into the Coates Way?  Review Section 2 of the Case Study The Coates Way in Edition Two of Financial Review Case Studies with Business News onwww.afrbiz.com.au or in the hard copy folder.
3. Outline some of the considerations that Coates would have undertaken before arriving at the decision to acquire Bennett Hire.
4. List one or two examples of other businesses in Edition Two that are taking steps to expand.  Outline, in brief, the actions that they are taking and identify one or two reasons taking such actions.