Hugh has gone by and Hugh is running a successful business. He has been approached by a competitor (Maria) who suggests that they merge in order to have a larger share of the market. Hugh needs some advice on this area.

a. Outline the pros and cons to Hugh of entering into a merger agreement. Provide real life examples.

b. What steps will Hugh and Maria have to take in order to carry out the merger?

c. Advise Hugh of the other groups of professionals that will be involved in the merger process and their roles.