Through a certain transaction,Corporate Properties,Inc.,acquires all of the shares of Downtown Realty Corporation for some of Corporate's shares.Both Corporate and Downtown continue to exist.This is

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This is a share exchange because shares of Corporate Properties, Inc. are being used to acquire all of the shares of Downtown Realty Corporation. Both corporations continue to exist after the transaction. A consolidation involves the merger of two or more corporations into a new entity, a short-form merger occurs when the parent company owns at least 90% of the subsidiary's shares and can merge it without a vote from minority shareholders, and a termination would mean that one of the corporations ceases to exist.

Through a Certain Transaction,Corporate Properties,Inc