Ridgeway Sand & Gravel Corporation and Quick-Set Paving Company combine so that all that remains after the papers have been signed is Ridgeway.This is

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A merger is a legal combination of two or more companies into a single entity, with the surviving company retaining the assets and liabilities of the merged companies. In this scenario, Ridgeway Sand & Gravel Corporation and Quick-Set Paving Company combined to form a single entity, Ridgeway, thus making it a merger. A consolidation is a similar process, but the new entity created would have a new name. The purchase of assets involves one company buying the assets of another company, whereas a share exchange involves the exchange of shares between two companies.

Ridgeway Sand & Gravel Corporation and Quick-Set Paving Company Combine