Last Month, Keyser Design Acquired All of the Assets and Liabilities

Multiple Choice

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.