Task: Instance Description Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes the instance 'ABSORPTION'?

A. GLEIF classifier for corporate actions where the acquiring legal entity purchases an international branch entity
B. GLEIF classifier for corporate actions that is a kind of merger where there is a combination of two or more companies into an existing company
C. GLEIF classifier for corporate actions involving the transfer of all of the assets and liabilities of a subsidiary to an International Branch entity in exchange for the transfer of securities representing the capital of the International Branch entity receiving the transfer
D. GLEIF classifier for corporate actions in which a single company splits into two or more independent, separately-run companies

Answer: GLEIF classifier for corporate actions that is a kind of merger where there is a combination of two or more companies into an existing company