If Ajax Corporation buys substantially all the assets of Beta Corporation, a new corporation will result.

Name: If Ajax Corporation buys substantially all the assets of Beta Corporation, a new corporation will result.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When one corporation buys substantially all the assets of another, it is typically an acquisition, not the formation of a new corporation. The acquiring corporation continues to exist, and the selling corporation may dissolve or continue in a different capacity.

If Ajax Corporation Buys Substantially All the Assets of Beta