1 Hourglass: Torso and hips are approximately the same width - with waist definition.  Apple: Torso and upper body wider than your hips - with little or no waist definition. You might have weight surrounding your waist.
From a legal point of view, a merger is a legal consolidation of two entities into one entity, whereas an acquisition occurs when one entity takes ownership of another entity's stock, equity interests or assets.
Corporations Merge for Many Reasons, but Not All Mergers Succeed. Business Finance. Mergers and acquisitions all have one underlying motive: to protect or improve the strength and/or profitability of the dominant company -- in other words, to maximize shareholder wealth.