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.
Woody (formerly, Weringdale) is an unincorporated community in Kern County, California. It is located 25 miles (40 km) north-northeast of Bakersfield, at an elevation of 1654 feet (504 m). Woody was founded in 1889, and was named after Dr. Sparrell Walter Woody, who was a pioneer in the area. The first post office at Woody also opened in 1889. In 1891, Joseph Weringer laid out the town, then called Weringdale, but the name quickly reverted to Woody. Woody is mostly a ranch town, even though the ranches of Woody, lie usually a few miles out of town. At the "outskirts" of town is the Blue Mountain Graveyard. Across from the graveyard is the fire department. About one hundred yards west of the fire department, is a post office. In the town there is also an elementary school and a community hall, where the Woody residents have gatherings and events. There used to be a restaurant/ bar in Woody, but financial problems caused it to close. Woody has been influenced by the nearby Blue Mountain. Blue Mountain at one time had a gold mine. Then bad times hit the mine and the owners sold out to the government, who dynamited the inside of the mine and sealed off the entrance. It has been rumored that the outlaw Joaquin Murrieta once had a cave/ hideout, that he used while on the run, however nobody has been able to find it, so it is just an "rural" legend.