Wikipedia: target will still exist
investorpedia: target will ceases to exist
which one is correct?
What happens to target after acquisition
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most M&As in the data these days are As, not Ms. That means that in most cases, the target legally ceases to exist i.e. does not file separate taxes, etc.
as someone said, it is all legal, nothing economic in general although there are some papers that find certain phenomenon in mergers and not in acquisitions...