Restaurant chain, Camin Holdings, acquired all of the assets and liabilities of Cheesecakes R Us. The combined firm is known as Camin Holdings and Cheesecakes R Us no longer exists as a separate entity. The
Acquisition is best described as a:
A) Merger
B) Consolidation
C) Tender offer
D) Spinoff
E) Divestiture

Question

Quizplus · Accepted Answer

This scenario describes a merger, where one company (Camin Holdings) acquires another (Cheesecakes R Us), and the acquired company ceases to exist as a separate entity. The assets and liabilities of Cheesecakes R Us are absorbed into Camin Holdings.

Restaurant Chain, Camin Holdings, Acquired All of the Assets and Liabilities