Distinguish between a merger and a share exchange

What will be an ideal response?

A merger occurs when one corporation is absorbed into another corporation and one corporation survives and the other corporation ceases to exist. The surviving corporation gains all the rights, privileges, powers, duties, obligations, and liabilities of the merged corporation. Title to property owned by the merged corporation transfers to the surviving corporation, without formality or deeds. The shareholders of the merged corporation receive stock or securities of the surviving corporation or other consideration, as provided in the plan of merger. A share exchange is a situation in which one corporation acquires all the shares of another corporation, and both corporations retain their separate legal existence. The parent corporation becomes the sole shareholder of the subsidiary corporation.