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Enterprise Insurance acquired State Insurance. As part of this transaction, both firms ceased to exist in their prior form and combined to create an all-new

Enterprise Insurance acquired State Insurance. As part of this transaction, both firms ceased to exist in their prior form and combined to create an all-new entity, National Insurance. Which one of the following terms best describes this transaction? *

(a) divestiture

(b) consolidation

(c) Merger

(d) conglomeration

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