Corporation A merges with Corporation B and becomes Corporation B.The transaction is a:

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The fact that Corporation A merges with Corporation B and becomes Corporation B indicates that it is a merger. In a merger, two companies join together to form a single new entity, which is typically governed by the laws of the state where it is incorporated. The surviving entity takes on the assets and liabilities of the merged companies and the shareholders of the merging companies receive stock in the new entity based on a predetermined ratio.

Corporation a Merges with Corporation B and Becomes Corporation B