Minnesota Merger is a type of business combination in which the assets of two or more companies are combined under the ownership of a single, newly formed company. It is a form of acquisition in which a newly created entity is formed to acquire the assets of two or more companies. The new company, which is referred to as the “surviving corporation”, assumes all the liabilities of its predecessor companies and assumes the rights and obligations of each of the merging companies. The surviving corporation holds all the assets of the merging companies and is responsible for the liabilities of each of its predecessors. There are two main types of Minnesota Merger: horizontal mergers and vertical mergers. In a horizontal merger, two or more companies in the same industry combine their assets and liabilities to create a new entity. Vertical mergers occur when two businesses in different industries combine their assets and liabilities to form a new company. In both cases, the newly created entity holds all the assets and liabilities of the merging companies.