Practical Law UK Glossary 4-107-6836 (Approx. 4 pages)
Glossary
Merger
In the context of business combinations, the coming together of two or more enterprises for the mutual sharing of the risks and rewards of the combined enterprise, where two groups of shareholders are in a position to continue their shareholdings as before but on a combined basis (in other words, effectively no transfer of control). An important feature is that significant resources do not leave the merged entity as a result of the combination.