OpenJurist

Mergers And Acquisitions Law Lawyers In Kenna New Mexico

Kenna is a small unincorporated village in Roosevelt County, New Mexico, United States. It is located on U.S. Route 70, 30 miles southwest of Portales. The settlement was originally known as Urton, probably named for two brothers who came to the region from the state of Missouri in 1884. A contractor by the name of Kenna camped in Urton during the construction of a roadbed for the Atchison, Topeka and Santa Fe Railway. Kenna's camp served as a stopping place for stagecoachs to exchange mail as well as passengers. In 1899, when the railroad was completed, the name Kenna remained for the camp. Established first as Urton in 1902 by the opening of a post office, the name was changed back to Kenna in 1906. E. D. Kenna, the vice president of the railroad, may have contributed to the final choice of a name. Kenna was one of the largest cattle shipping points in the state by 1909. At the peak of its development, the town could boast a bank, two hotels, several stores, a post office, as well as several saloons. By 1912, many homesteaders relinquished their claims due to the drought, and Kenna dropped both in size and importance.

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.