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.
Climax was an unincorporated mining village and a former U.S. Post Office located in Lake County, Colorado. Climax was known for its large molybdenum ore deposit. The former Climax Post Office had the ZIP Code 80429. Climax is now an uninhabited ghost town, located along the Continental Divide at an elevation of about 11,360 feet (3465 meters). It was the highest human settlement in the United States, and it holds the record for having had the country's highest Post Office and the highest railroad station. The residential houses were all transported to the West Park subdivision of Leadville, Colorado, before 1965, leaving only the mining buildings standing.