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.
Stirling City is an unincorporated community in Butte County, California, located on Paradise Ridge in the western foothills of the Sierra Nevada. Its population is approximately 16. The village's ZIP Code is 95978 and area code 530. It lies at an elevation of 3570 feet. Stirling City is located at 39°54′28″N 121°31′41″W / 39.90778°N 121.52806°W / 39.90778; -121.52806, around 20 miles (32 km) northeast of Chico, California. It is built around a loop (which terminates a winding spur line) of the Southern Pacific Railroad, built to collect lumber from the Lassen National Forest. It was founded in 1903 by the Diamond Match Company of Barberton, Ohio, as a center for processing cut lumber from the surrounding forests. Diamond Match official Fred Clough named the city, taking the name from the boiler used at Diamond's Baberton plant, made by the Stirling Boiler Company. The sawmill closed in the early 1970s. The land surrounding Stirling City is still harvested for timber, and the cleared area is farmed for cattle, fruit, and nuts. A post office opened in 1903.