What is the difference between an acquisition and a merger?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter26: Mergers And Corporate Control
Section: Chapter Questions
Problem 9MC
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What is the difference between an acquisition and a merger?

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Mergers and acquisitions refer to the process in which two companies are consolidated by means of assets or other financial instruments. The board of directors of the companies approves the merger. 

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