The merger or acquisition is an art, not a science!
Every situation is unique, includes specific challenges and therefore requires an individual solution. Even for individual solutions it is possible to take advantage of best management principles, whose knowledge we have.
The alchemy of mergers and acquisitions can be simply expressed as follows: 1 + 1 = 3
The key principle of purchasing companies is creating a higher value for the investor, than is the sum of values of the two companies. Two companies together are more valuable than two separate companies.