摘要：Mergers are transactions often used as growth strategies by companies that are trying togain a competitive advantage, or in order tofulfiltheir objectives. In this period, marked by uncertainty andrisk, mergers can be an effective way to enhance the competitive power on the market, or a way to save,restore the declining companies.Giventhe emphasisonmergersin recent years,this article tries to offer atheoreticalapproachonmergers, withahighlight on the conceptual framework and the advantages that can be obtained by mergers.Some advices that any manager should takeinto consideration before completing the mergerand,also,intheafterwardsperiod, in order to ensure the success of thisprocess, are presented
关键词：mergers;financial performance;advantages of mergers;success
