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.
Clipper Mills (also, Clipper Mill) is an unincorporated community in Butte County, California. It lies at an elevation of 3550 feet. The local newspaper is the Rabbit Creek Journal. Clipper Mills has a post office, first established in 1861 and moved in 1891. Its zip code is 95930. Clipper Mills' history and economy is centered on the lumber industry. A sawmill started operating nearby in 1852, and by 1855 Clipper Mills had its own sawmills.