The correct answer is B. Merger means that the two merging companies became history and a new firm is established.
Explanation:
A merger refers to the union of two companies that can be seen as equals. Two companies decide to join forces to increase the strength of their assets, have a greater market and consumer base and ultimately obtain greater profits. The two companies or corporations become joint property and are registered as a new legal entity, which has a different identity from that of the two companies that joined for the merger.
