Companies A, B and C combine and continue as C. This is called a:
A)merger.
B)consolidation.
C)an acquisition of A and B by C.
D)both a. and c.

Question

Quizplus · Accepted Answer

When companies A, B, and C combine and continue as C, it is both a merger (because two or more companies are combining into one) and an acquisition of A and B by C (because C is the continuing entity, effectively acquiring A and B).

Companies A, B and C Combine and Continue as C