It's interesting how hostile takeovers get all the press while mergers are far more common, isn't it? That might be because mergers are somewhat boring -- two companies simply choose to combine their assets and form a stronger, more profitable entity. We see those happen regularly, but hostile takeovers are far more fun to watch.
Well, that's not always true. There are those mergers where one party wants to back out at the last minute and the other sues for breach of contract.