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.
Morenci is a census-designated place (CDP) in Greenlee County, Arizona, United States. The population was 1,879 at the 2000 census. It is part of the Safford Micropolitan Statistical Area. The biggest employer in Morenci (and in nearby Clifton) is Freeport-McMoRan, the owner of the Morenci Mine, the largest copper mining operation in North America, and one of the largest copper mines in the world. The town was a site of the Arizona Copper Mine Strike of 1983. The large open-pit mine is north of the town.