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.
Alleghany is a small unincorporated community in Sierra County, California, United States in the Sierra Nevada mountains. It is situated in the Gold Country and continues to be a significant locale for gold mining. The famous Sixteen-to-One Mine has been in operation since the days of the California Gold Rush. The town is 20 miles (32 km) from the nearest highway and consists largely of a single main street. The population is around 85. The town is home to a post office, a bar, and a mining museum. The community was named in 1859 for the Alleghany Tunnel mine that fueled the growth of the town when it struck gold four years earlier. The mine itself was named for the Allegheny River.