Despite prevailing global economic growth concerns, corporate entities still look to mergers as a key step for expansion and consolidation, whether within their jurisdiction of operation or outside. For example, a 2016 report by Deloitte[2] shows that 75% of companies in the worlds’ largest economies still pursued foreign companies for the purpose of consolidation in 2015. Thus, the global mergers and acquisitions volume topped $4.7trillion in 2015, while those of 2014 topped $3.4 trillion. The Nigerian business landscape is no stranger to mergers. We have in the past seen the merger of Unilever Nigeria Ltd and Lever Brothers Nigeria Plc. in the 90s and the well-publicised mergers of several banks in the banking consolidation era of 2004 and 2005 and many other mergers.