Century Corp and Haverty Inc. combined to form the Proton Company. Although the term merger is loosely used to refer to many business combinations, this is technically a:

Question

Quizplus · Accepted Answer

In a consolidation, two or more companies combine to form a completely new entity, which is what happened with Century Corp and Haverty Inc. forming Proton Company. A merger typically involves two companies joining as equals, while an acquisition involves one company buying another. A combination is a more general term that can refer to any type of business combination.