The bringing together of separate economic entities as a result of one entity uniting with, or obtaining control over, the net assets and operations of another.
Combinations refer to the different subgroups that can be formed by sampling a larger group or population without considering the order of elements. Combinations are essential in probability, statistics, and various branches of mathematics.
A merger involves the combination of two or more businesses on an equal footing to create a new entity where shareholders mutually share risks and rewards without any party obtaining control over another.
A statutory merger refers to the legal combination of two or more corporations in which only one corporation survives as a legal entity, with all others ceasing to exist.
A vertical merger is a business combination in which members of a vertical channel of distribution merge, eliminating the middleman, potentially lowering costs, and possibly making a company more competitive if the savings are passed on to the consumer.
