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.
Altaville (formerly, Cherokee Flat, Forks-of-the Road, Low Divide, and Winterton) is a former unincorporated community in Calaveras County, California, now located in the northwest portion of the city of Angels Camp. It sits at an elevation of 1,542 feet (470 m) above sea level and is located at 38°05′02″N 120°33′43″W / 38.08389°N 120.56194°W / 38.08389; -120.56194, at the intersections of SR 49 and SR 4. The community is in ZIP code 95221 and area code 209. The town was established in 1852 on Cherokee Creek. Notorious bandit Joaquin Murrieta supposedly spent so much time here that a mountain northwest of the creek was named Joaquin Mountain. Although gold was discovered here in 1854, it didn't last long, but the town survived due to its position as an important point for supplies and machinery. D.D. Demerest established a foundry here in 1854, and others soon followed. Most of the stamp mills and a large part of the mining machinery erected in Calaveras and Tuolumne Counties were built at the Altaville Foundry. A brick schoolhouse was built at Altaville in 1858 and the townsite was established in 1873. A post office was established in 1904, closed it in 1943, and re-established it in 1944. Altaville was also the site of an archaeological hoax, the Calaveras Skull. The town today is registered as California Historical Landmark #288.