- CFA Exams
- CFA Level I Exam
- Topic 4. Corporate Issuers
- Learning Module 18. Mergers and Acquisitions
- Subject 1. Definitions and Classifications
CFA Practice Question
The purchase of Gillette by P&G is an example of
B. Subsidiary merger.
C. Consolidation.
A. Statutory merger.
B. Subsidiary merger.
C. Consolidation.
Correct Answer: B
Gillette becomes a subsidiary of P&G as Gillette has a strong brand that P&G wants to retain.
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