merger

A merger is a business arrangement where two companies combine to form a single entity. This typically occurs to increase efficiency, expand market reach, or improve competitive advantage. In a merger, both companies usually agree to join forces and share resources, assets, and management. There are different types of mergers, such as horizontal (similar businesses), vertical (different stages of production), or conglomerate (unrelated businesses). The goal is to create a stronger, more profitable organization that can better serve customers and adapt to market changes.