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.
Crestone is a Statutory Town in Saguache County in Southwestern Colorado, United States. The population was 73 at the 2000 census. It is a small village at the foot of the western slope of the Sangre de Cristo Range, in the northern part of the San Luis Valley. Crestone was a small mining town, but little paying ore was discovered. In the 1970s a large land development, the Baca Grande, was established to the south and west and several hundred homes have been built. The Crestone area, which includes the Baca Grande and Moffat, Colorado, is a spiritual and new age center with several world religions represented; including a Hindu temple, a Zen center, a coed Carmelite monastery, several Tibetan centers, and miscellaneous new age happenings. Crestone is easily accessible to visitors, a National Forest Service campground is about 3/4 of a mile north of town, and other lodging is available including several bed and breakfasts. Activities in the area include camping, fishing, hiking, climbing, as well as spiritual explorations. Crestone is named for the 14,000-foot peaks that lie just east of the town: Crestone Peak and Crestone Needle. The Crestones, as they're known collectively, in turn took their name from the Spanish word crestón, which according to Walter Borneman and Lyndon Lampert's book A Climbing Guide to Colorado's Fourteeners means "the top of a cock’s comb", "the crest of a helmet," or in miner’s lexicon, "an outcropping of ore."