A merger is a deal to unite two existing companies into one new company. There are several types of mergers and also several reasons why companies complete mergers. Most mergers unite two existing companies into one newly named company. Mergers and acquisitions are commonly interchangeable terms. SPVs that own shares in a company that merges or is acquired will receive new shares in the acquiring company or the new company or they will receive cash or some of both cash and new equity. If an SPV owns shares in a company that is acquiring other companies, the SPV will not receive any new shares or cash.
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