Standardizing fields

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We are working on standardization and I'm not sure of how to do this:

We have two projects: A & B
Each has its own priority: A Priority (Value Bundle), B Priority (Value Bundle)

What I want to do:

Migrate B Priority to A Priority
Delete B Priority

How do I do this?
If you admin of both projects you can merge these bundles. Go to Administration > project > 'Fields' tab > 'A priorities' and click 'merge' link on the top.