Last month, Keyser Design acquired all of the assets and liabilities of Tenor Machine Works

1.

Last month, Keyser Design acquired all of the assets and liabilities of Tenor Machine Works. The combined firm is known as Keyser Design. Tenor Machine Works no longer exists as a separate entity. This acquisition is best described as a:    A.  merger. B.  consolidation. C.  tender offer. D.  spinoff. E.  divestiture. Refer to section 26.1

2.

The Cat Box acquired The Dog House. As part of this transaction, both firms ceased to exist in their prior form and combined to create an all-new entity, Animal World. Which one of the following terms best describes this transaction?    A.  divestiture B.  consolidation C.  tender offer D.  spinoff E.  conglomeration Refer to section 26.1

3.

The Daily News published an ad today wherein it announced its desire to purchase shares of a competing newspaper, the Oil Town Gossip. Which one of the following terms is best described by this announcement?    A.  merger request B.  consolidation C.  tender offer D.  spinoff E.  divestiture Refer to section 26.1