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Fill in the Blanks: The British retailer, M&S, today formally ______ defeat in its attempt to ______ King’s, its US subsidiary, since no potential purchasers were ready to cough up the necessary cash.
Option c is incorrect as we never dispose subsidaries. The usage of dispose is flawed. Option d is incorrect as "formally ratified defeat" is incorrect usage. Option a is incorrect as "acquire" is an incorrect usage because no purchasers are required while acquiring. Option b correctly fits the sentence.
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