Merger and acquisitions (M&A) is a tool that is being widely used either to expand the market or enter into new market. This will mean that the ownership of the companies will change in line with the agreement. The M&A can happen either wholly or partly, i.e. divesting a division or part of the business based on the market conditions. It is also considered as a strategic move since it allows the companies either to grow or downsize it. Similarly, the move enables them to change the business nature and position it to face the competitive environment.