Consolidation

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Consolidation

The combining of two or more firms to form an entirely new entity.

Consolidation

A type of merger in which two or more companies create an entirely new corporate entity and transfer all their assets and liabilities to the new entity. The former companies may continue to exist on paper, but they have no assets or liabilities. For example, the lawyers for the consolidating companies may go the secretary of state and form a new limited liability company (usually by paying a fee of $50 or so). After this is done, all assets and liabilities are given to the new LLC.

consolidation

A combination of two or more firms into a completely new company. Assets and liabilities of the firms are absorbed by the new company. Compare merger.
References in periodicals archive ?
Smith Realty Companies Uses Hyperion Enterprise and Hyperion Pillar to Streamline Budgeting, Forecasting and Financial Consolidation
The consolidations and budgeting solution has been sold internationally under the product name "Solver" as a standalone product and as a companion product to numerous financial applications including Great Plains Software's Dynamics C/S+ Windows NT/SQL Server applications.
Because many foreign jurisdictions now have merger statutes that operate like those of the states, under which all assets and liabilities move by operation of law, the change in the definition of an A reorganization now allows transactions effected pursuant to these statutes to qualify as statutory mergers or consolidations for Sec.
Recent trends in interest rates and consolidation loan volumes have affected consolidations in the Department of Education's (Education) two major student loan programs--the Federal Family Education Loan Program (FFELP) and the William D.
In spite of large-scale consolidations, most enterprises have deliberately retained some remote SANs and connected them to the central data centers.
Gansler, in an interview with Bloomberg News, said he anticipates more consolidations between U.
While there are undoubtedly heuristics that could be used to prune the possibilities and speed convergence, and to trade off the overlooking of remotely possible but unlikely consolidations against extra searches, this is still, as far as I know, an unexplored research area.
The issues in the FASB's consolidations DM are not new.
PlateSpin PowerConvert and PowerRecon allow organizations to perform end-to-end server consolidations faster and easier by completely automating the project planning, physical-to-virtual and virtual-to-physical conversion phases of a continuous consolidation initiative.