This is not a piece written from the perception of a project manager or a strategist. Neither am I writing a worthy best practice guide. What I would like to do is to take you into a small world occupied by one person. She is an in-house lawyer. Let's call her Anna.
In today's turbulent economic climate, business will do almost anything (legal) to stay afloat. This includes merging with another business that is in a better financial position to, potentially, strengthen their position.