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.
Bethel is a city located near the west coast of the U.S. state of Alaska, 340 miles (550 km) west of Anchorage. Accessible only by air and river, Bethel is the main port on the Kuskokwim River and is an administrative and transportation hub for the 56 villages in the Yukon-Kuskokwim Delta. Bethel is the largest community in western Alaska and in the Unorganized Borough, as well as the 9th largest in the state, with a population estimated to be 6,356 in 2006. Bethel is home to the lone detention center in southwestern Alaska, the Yukon Kuskokwim Correction Center. Bethel is also one of the latest cities in Alaska to become a wet city. Annual events in Bethel include a noted dogsled race, the Kuskokwim 300, and Camai, a traditional dance festival held each spring.