UCU 100
Kenyatta University
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Mergers and Acquisitions
- Class notes • 7 pages • 2020
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1.1 Introduction
A merger can be described as a combination of two or more firms while an acquisition involves one company acquiring ownership of another company. Mergers and acquisitions (M&A) would add value only if the two companies are worth more together than apart. 

Acquisitions can take various forms such as;
•	One firm acquires all the assets and liabilities of the other firm
•	A firm buys the seller’s stock in exchange for cash, shares or other securities
•	A firm buys some or ...
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