Question: When does a merger between companies typically occur? when two firms agree to join to create a combined entity when two or more firms enter

When does a merger between companies typically occur?
when two firms agree to join to create a combined entity
when two or more firms enter a temporary vertical strategic alliance
when a target firm does not want to be acquired
when large, incumbent firms purchase start-up companies
 When does a merger between companies typically occur? when two firms

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