Fundamentals of Corporate Finance (4th Edition) (Berk  DeMarzo & Harford  The Corporate Finance Series)
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Chapter 22, Problem 2CC
Summary Introduction

Merger:

A merger can be defined as an agreement that unifies two existing firms into a single new firm. Mergers can be of different types and can occur due to different reasons. However, the primary reasons why mergers and acquisitions occur are to expand the reach of a firm or diverse the firm into divisions or earn more profits.

To determine:

The differences between a horizontal and a vertical merger.

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