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 ?
The model accounts for smear effect, soil self-weights, radial and vertical flows, and variable permeability and compressibility during the consolidation progress.
(3) The vertical and radial flows obey Darcy's law, and the coefficient of permeability changes with the void ratio during the consolidation.
(5) Horizontal sections remain horizontal during the consolidation.
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).
The research presented in this study examines the direct impact of consolidation on debt burdens.
The following section reviews the literature on the correlation between city-county consolidation and debt burden.
This review of service consolidation will utilize several basic assertions.
1) Service consolidation occurs in a political or public environment where the introduction of certain factors increases the complexity of a service merger process.
The idea of consolidation, however, is not without its opponents; it is often met with anxiety and hostility from students and the communities affected.
Despite the negatives associated with consolidation, many states continue legislative efforts and incentives to encourage consolidation.
All the previous investigations of three-dimensional consolidation were analytical or numerical based and boundary assumptions were not replicated in the field conditions.
The aim of the study is to find out the consolidation characteristics under different boundary conditions which can simulate actual field conditions.