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.
Skagway is a first-class borough in Alaska, on the Alaska Panhandle. It was formerly a city first incorporated in 1900 that was re-incorporated as a borough on June 25, 2007. As of the 2000 census, the population of the city was 862. However, the population doubles in the summer tourist season in order to deal with more than 900,000 visitors. The port of Skagway is a popular stop for cruise ships, and the tourist trade is a big part of the business of Skagway. The White Pass and Yukon Route narrow gauge railroad, part of the area's mining past, is now in operation purely for the tourist trade and runs throughout the summer months. Skagway is also part of the setting for Jack London's book The Call of the Wild. Skagway (originally spelled Skaguay) is from the Tlingit name for the area, "Skagua" or "Shgagwèi" meaning "a windy place with 'white caps on the water."