Lesson VII-4: Investment Banking Buy low, sell high. No, not THAT kind of high.

Splits and Mergers

Ultimately, every corporation wants to find a path from inspiration to profit. The primary way to navigate the financial jungle is by going it alone, but a secondary approach is to merge with another company, proceeding together as long as necessary to accomplish your goals. Certain obstacles can only be overcome by a single company, while other tests can only be passed with the right combination of resources. Under no circumstances can a company merge with itself (even clever accounting can't make that possible) and, whatever route your business may take, remember the first rule of finance: shred early and often!