Answer:
A merger involves two or more businesses joining
together to create a single business entity. Mergers occur when one company purchases another organization for the purpose of joining them together.
In many cases, one of the businesses ceases to exist, and its liabilities and assets are absorbed by the surviving entity. With some mergers, both entities are dissolved and a new business is created that essentially replaces both of them.
As part of a merger, assets and equipment are usually reallocated to increase productivity and efficiency. This is generally accomplished by consolidating equipment, departments, and facilities, and positions that were shared by each entity.
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