consolidation by merger

基本解释

Article 184 Companies may be merged in two forms, i. e. merger by absorption and merger by consolidation.
第一百八十四条：公司合并可以采取吸收合并和新设合并两种形式。
Article 75 Rights and obligations of a company ceasing to exist after consolidation or merger shall be assumed by the surviving or new company.
第75条因合并而消灭之公司，其权利义务，应由合并后存续或另立之公司承受。
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In the event that any merger or consolidation of Party A occurs in the future, all the rights and obligations hereunder shall be succeeded by the successor of Party A.
若甲方有限公司在未来有公司合并事务发生，则本合同项下的所有权利及义务转由合并后新成立的法人公司承担。

For example, liability is triggered if the deal amounts to a merger or consolidation, usually evidenced by a purchase of the stock.
FORBES: An Affair to Remember