Merger

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Merger is the joining of two firms to form a single firm.


Definitions

According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),

Merger. The joining of two firms to form a single firm.

According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),

Merger. The combination of two or more firms to form a single firm.

According to Principles of Economics by Timothy Taylor (3rd edition),

Merger. When two formerly separate firms combine to become a single firm; for practical purposes, often combined with acquisitions.

According to the Strategic Management by Parnell (4th edition),

Merger. A corporate-level growth strategy in which a firm combines with another firm through an exchange of stock.

According to the Strategic Management by David and David (15th edition),

Merger. When two organizations of about equal size unite to form one enterprise; an acquisition.

According to the HRBoK Guide,

Merger. Two or more organizations coming together to form a new legal entity. Two or more organizations that come together through a purchase, acquisition, or sharing of resources. Usually the new organization intends to save money by eliminating duplicate jobs.

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