M & A (Mergers and acquisitions) is an umbrella term that describes the merger between two companies. From a legal point of view, mergers are legal consolidation of two entities into one, while acquisitions occur when an entity assumes ownership of shares, shares or assets of another entity. From a commercial and economic point of view, both types of transactions mainly result in consolidation of assets and liabilities in one entity, and the difference between “mergers” and “acquisitions” is less clear.