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 ?
Although most mergers were approved by the NCUA for expanded services, 11 credit unions or 20% of consolidations were green-lighted in the first quarter because the cooperatives were in poor financial condition.
* Consolidation remains focused on national markets, where synergies can be realized easier and quicker than in cross-border settings.
"The consolidation of the Medical Surgical and Special Care units will allow UMass Memorial Clinton Hospital to better meet the needs of its patients,'' according to a statement released Friday evening by Tony Berry, director of media and public relations at UMass Memorial Medical Center.
The decision on data centre consolidation should not be based on IT objectives; it should be based on business objectives."
Secondary Consolidation. The tested e-lgi curves of undisturbed soil from different depth are given in Figures 2 and 3, and the relationship between coefficient of secondary consolidation and consolidation pressure is shown in Figure 4.
Similar to city-county consolidation, weak governments, such as politically fragmented entities, have higher debt burdens compared with politically strong governments (2) (Ashworth et al., 2005).
A letter of transmittal will be sent to the registered shareholders providing instructions to surrender the share certificates evidencing their pre consolidated common shares for replacement certificates representing the number of post consolidated common shares they are entitled to as a result of the Consolidation. Until surrendered, each certificate representing the pre consolidated common shares will be deemed to represent the number of post consolidated common shares of the Company that the holder thereof is entitled to as a result of the Consolidation.
And provided a number of concrete opinions and suggestions on quality management documents and construction sites, expecting that would help improve the construction quality of the Urban Land Consolidation Project (hosted by land owners).
SPI Energy announced a 10-for-1 share consolidation, effective as of the close of business on November 15, 2018.
Nose breathing could enhance memory consolidation, according to a study.
Global Banking News-September 19, 2018-Neovasc reports launch of common stock consolidation

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