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INTRODUCTION A merger occurs whenever two firms combine their operations of particular interests to achieve further understanding and better economies of scale. Horizontal mergers are those that occur when two companies that produce similar products combine, it is operating jointly with another enterprise on a regular basis. It is where enterprises combine into a contract under which they share all profits and losses. As this relationship is formed, the merging companies adapt to take one common decision to operate under their economic measures. The profits and the losses then are shared in proportion to the asset owned by each company. Both merged companies come to a point where a certain enterprise entrusts its operations entirely to another enterprise, yet the business is operated in the name of the entrusted enterprise and operational profits and losses go entirely to the entrusting enterprise. For example, the well known motor company Renault uses Nissan...

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