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.
Portola is a city in Plumas County, California, United States. The population was 2,227 at the 2000 census. Portola is located on the Middle Fork of the Feather River, and was named for Spanish explorer Gaspar de Portola (though he never explored this area of the state). Portola is a crew change site on the Western Pacific Railroad Feather River Route over the Sierra Nevada mountains. The city is also home to the Western Pacific Railroad Museum (formerly Portola Railroad Museum), one of the largest railroad museum in the Western US. The museum is famous for its Run A Locomotive program, where the public can participate in a "fantasy experience" program allowing them to run a railroad locomotive on the museum grounds. Portola was in the national media spotlight in 1996-1997 when a conflict occurred between the local community and the Department of Fish and Game over how to deal with an invasive species of Northern Pike in Lake Davis. The lake was chemically treated in 1997 to eradicate the fish, but they reappeared in 1999. In early September 2007, the California Department of Fish and Game plans to eradicate the pike using CFT Legumine, a new liquid formulation of rotenone.