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Merger. In this illustration, Corporation A and Corporation B decide to merge. They agree that A will absorb B, so after the merger, B no longer exists as a separate entity, and A continues as the surviving corporation. A. A. B. Consolidation.
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Merger In this illustration, Corporation A and Corporation B decide to merge. They agree that A will absorb B, so after the merger, B no longer exists as a separate entity, and A continues as the surviving corporation. A A B Chapter 28
Consolidation In this illustration, Corporation A and Corporation B consolidate to form an entirely new organization, Corporation C. In the process, A and B terminate, and C comes into existence as an entirely new entity. A C B Chapter 28
The Terminology of Takeover Defenses Chapter 28