A merger is an arrangement that combines two current businesses into a single new business. There are various merger types, and businesses merge for a variety of reasons. Mergers and acquisitions (M&A) are frequently carried out to broaden a company's clientele, enter new markets, or increase market share. The goal of all of these actions is to raise shareholder value. In order to stop other companies from buying or merging, companies frequently adopt a no-shop provision during a merger.