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Atlanta-based global mobile engagement provider mGage acquired Bangalorebased Unicel Technologies. Due to this friendly acquisition, mGage is poised to become one of India’s largest provider of enterprise mobile messaging solutions. |
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Answer» 1. Merger through Consolidation/ Amalgamation 2. Meaning: A consolidation is a combination of two or more companies into a ‘new company’. In this form of merger, all companies are legally , dissolved and a new entity is created. Here, the acquired company transfers its assets, liabilities and shares to the acquiring company for cash or exchange of shares. |
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