Asked by Joseph Smith on Jun 22, 2024
Verified
Merger and consolidation refer to two legally distinct proceedings, but consolidation is also used to refer to all types of corporate combinations.
Consolidation
A contractual and statutory process in which two or more corporations join to become a completely new corporation.
Corporate Combinations
Mergers or acquisitions between companies to consolidate assets, operations, or management.
Merger
A contractual and statutory process in which one corporation (the surviving corporation) acquires all of the assets and liabilities of another corporation.
- Absorb the rudimentary distinctions that characterize mergers, consolidations, takeovers, and share exchanges.
Verified Answer
Learning Objectives
- Absorb the rudimentary distinctions that characterize mergers, consolidations, takeovers, and share exchanges.
Related questions
All States Have Statutes Authorizing Share Exchanges for Domestic Corporations
Building Corporation and Construction Inc ...
A Share Exchange Can Be Used to Create a Holding ...
Dynamo Corporation Combines Its Assets and Liabilities with Those of ...
Which of the Following Is the Appropriate Term for the ...