Term:
Consolidation (of firms)
Definition:
Consolidation generally refers to combination or amalgamation of two or more firms into one new firm through the transfer of net assets. The new firm may be specially organized to distinguish it from a merger.
Domain:
Finance
Source:
Glossary of Industrial Organisation Economics and Competition Law, compiled by R. S. Khemani and D. M. Shapiro, commissioned by the Directorate for Financial, Fiscal and Enterprise Affairs, OECD, 1993
