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.
The City of Salida is a Statutory City that is the county seat and most populous city of Chaffee County, Colorado, United States. The population was 5,504 at the U.S. Census 2000. The town's name is pronounced ('exit') in Spanish. Founded in 1880, Salida was originally a railroad town and was a significant link in the Denver and Rio Grande Western Railroad. After World War II the railroad began pulling back its operations in Salida. Many residents in the 1950s, 1960s, and 1970s worked either in local ranching operations or commuted north to Leadville to work at the Climax Molybdenum Company. Today the most prominent business in Salida is tourism, consisting of skiing at Monarch ski area, whitewater rafting, kayaking and outfitting, particularly on the Arkansas River. Salida is home to the annual FIBArk kayak race, one of the oldest whitewater races in North America.