Examine the phenomenon of merger and acquisition (M&M) in the global economy.

Merger and acquisition (M&A) is a business strategy where companies combine to form a larger entity or one company acquires another company. This phenomenon has been on the rise in the global economy as companies seek to expand their market share, gain access to new technology, or increase their product offerings.

M&A can occur through a friendly or hostile takeover. A friendly takeover is when the acquiring company makes an offer to the target company's board of directors, and they agree to the deal. In contrast, a hostile takeover is when the acquiring company buys enough shares to gain control of the target ____ ________ _____ __________ ___.
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