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 ?
368-2, defining the term statutory merger or consolidation for purposes of applying Sec.
In a particularly telling example, the Italian case should have been the poster child for the benefits of fiscal consolidation through eurozone membership.
IBM's Scott Drummond, program director of Storage Networking, sees consolidation happening on a massive scale.
says a number of people have seen the long products segment of the industry as ripe for consolidation, similar to the integrated sheet producers.
We think there is still room for future consolidation, particularly at the middle and lower tiers of the industry,'' said Jacques Gansler, Pentagon undersecretary for acquisition and technology, ``and we want to encourage it.
In these systems, consolidation is designed specifically to address the needs of users to see multiple cataloging of the same work brought together.
In some cases, ARB 51 expressly sanctions alternative practices; some important consolidation issues are omitted, and others are not addressed conclusively.
Forrester believes advances in system imaging for P2V products will change the way firms manage server migrations, consolidation projects, and disaster recovery," writes Galen Schreck in the March 2006 Forrester Research report entitled Physical-To-Virtual Server Conversion Basics.
Completion of Schedule D to report discrepancies will also provide notice of a statutory merger or consolidation under Rev.
3) After July 1st, Students Will Have No Choice - Always explore your consolidation options - but remember after July 1st, students will have only one option.
This limited choice means borrowers may not get all the benefits available to them through the free Federal Student Loan Consolidation program.