There are two types. For merger, they usually form a new legal entity and the two previous entity would cease to exist. For acquisition, usually an acquirer will obtain a controlling stake in a target company thus turning the target into a subsidiary.
P/s: in law firm case study, I feel like...
ikr I set the notification volume to the max for the mail app, which scared the baby Jesus out of me whenever there was a ding. But turned out that was a mail from Legal Cheek telling me to apply to a firm that just rejected me =)))))
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