what does it mean by Amalgamated in corporate world?

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Amalgamated are the companies or entities which have been merged into a single company. In case of an amalgamation of businesses, the individual identity of the businesses may be lost to create a new business, or an individual company may survive and engulf the rest. All financial documents, assets, debts and structures of the operation are united. Amalgamation tends to enhance the market share and increase the efficiency of the operations. It will entail legal formalities, shareholder approval and regulatory compliance. The idea of amalgamated companies is to establish synergy, less competition, and more profitability through the presence in a market as one stronger organization.