What happens to the debt in an acquisition?

Shared by Hilario:
When company A pays a 15% premium to acquire the stock of company B, what happens to the debt of commpany B? Does company A absorbed the debt, pay it off? Is company B responsible for paying it off?
When company A pays a 15% premium to acquire the stock of company B, what happens to the debt of commpany B? Does company A absorbed the debt, pay it off? Is company B responsible for paying it off?
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