M&A
very long-term strategic decision
Merger
when two companies join together as equals to form one, and the process is mutually consensual
Acquisition
when a larger company buys a smaller one, and the smaller company may not be hаppy because its identity will be lost
M&A
Main stages
Decide: merge or buy
analyze the potential target
Understanding the gains and losses
Solving problems connected with differences of companies
Problems
cultural reorganisation
dismissal of old staff
possible financial losses