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.
Thermal is a small unincorporated community located approximately 25 miles southeast of Palm Springs and about 9.5 miles north of the Salton Sea. Although one can find sunny skies most days, residents occasionally endure strong winds and sizzling summer temperatures well above 100 degrees Fahrenheit. The community's elevation is about one hundred twenty feet below mean sea level. It is inside area code 760 and is in ZIP Code 92274. It lies along the Yuma Subdivision of the Union Pacific Railroad. Area crops include citrus orchards, winter vegetables and date palms.