A transaction in which two corporations combine,such that afterwards neither of the combining corporations continues to exist,but instead a new corporation is formed,is called a:

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In a consolidation, two corporations combine to create a new corporation, resulting in the dissolution of both original corporations. A merger, on the other hand, can result in the survival of one of the original corporations, with the other being absorbed into it. Purchase of assets and share exchange are different kinds of transactions, and a hostile takeover does not necessarily involve the creation of a new corporation.

A Transaction in Which Two Corporations Combine,such That Afterwards Neither