A Merger in Which Both the Acquirer and Target Disappear

question 78

Multiple Choice

A merger in which both the acquirer and target disappear as separate corporations,combining to form an entirely new corporation with new common stock is known as a(n) :

• A) statutory merger
• B) subsidiary merger
• C) acquisition
• D) consolidation
• E) takeover

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Definitions:

Trade Name

The name under which a business operates and is known to the public, different from its legal name.

Weather Announcer

A person or system that communicates weather forecasts and conditions to the public.

Patent Law

The area of law that deals with the protection of inventions, granting inventors exclusive rights to use, make, and sell their inventions for a certain period.

Copyright Law

Legal provisions that grant creators exclusive rights to their original works of authorship, such as writings, music, and artwork, for a specified period.