statutory merger

Definition

A merger in which one of the merging companies continues to exist as a legal entity, rather than being replaced by the new entity. opposite of statutory consolidation.

Use statutory merger in a sentence

You should try to make sure that you know how best to proceed when involved in a big statutory merger.

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We were not thrilled with the prospect of being bought out in the merger so we suggested a statutory merger to appease both parties.

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The partnership between Disney and ABC was a statutory merger so that they each maintained their separate legal identity, even if Disney wielded more power.

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