A merger is the combining or two or more businesses or organizations into one for some mutual advantage. It can allow for one owner and management administration for the combined businesses to function as one entity, or it may provide for each company to retain its own management leadership. Usually, a merger occurs through a joint agreement and is intended to enhance the financial value or industry standing of the combining companies. There are several types of mergers, such as vertical, horizontal, or conglomerate, depending on the companies’ relationships to each other prior to joining together. Related terms include “acquisition” and “conglomerate.”
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