OpenJurist

Mergers And Acquisitions Law Lawyers In Neon Kentucky

Fleming-Neon is a city in Letcher County, Kentucky, United States. The city was established by the Elkhorn Coal Corporation which moved in to the area in 1913. Fleming was the location of the mine and named for its first president George W. Fleming. A city named Chip existed near the community that became Fleming and it was quickly built up and served as a trading center for the nearby coal towns. The train that hauled the coal out of Fleming would make stops in Neon and it is an accepted legend by locals that a man on the train would yell instructions to people climbing on board the train saying "Knee On" This was soon changed to Neon and replaced the name Chip. In 1977 the two towns merged becoming Fleming-Neon. The population was 840 at the 2000 census.

What is mergers and acquisitions law?

In the law of corporations, a merger is effected when one or more corporations becomes a part of, or merges, with another corporation so that one ceases to exist and the other continues to exist. In a merger, the company that continues to exist retains its name and identity and acquires the assets, liabilities, franchises, and powers of the corporation that ceases to exist. Attorneys who practice in mergers and acquisitions (sometimes called M & A) represent corporations and other business entities in strategizing, negotiating, and carrying out transactions in which two or more companies or corporations combine into a single new entity, a merger, or where one business purchases and absorbs the assets of another, an acquisition.