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Two companies, A and B.

1. If B is a subsidiary of A, then both A and B exist.
2. In a statutory merger, only A exists.
3. In a consolidation, both A and B disappear, and C(A+B) exists.

So, it depends on the type of takeover that's occurring, takeover could be (1) or (2) above.
Chime in please.

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