This is a guide the reasons why and processes by which one company may be bought by another or merge with a competitor. Key to this is identifying the differences between an acquisition and a merger, which is not always obvious. It presents a broad analysis of M&A strategies and describes the takeover process, including valuations and structuring a deal.

The regulation of mergers and takeovers is explained from a UK and international perspective as are demergers, divestments and accounting issues.