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 Town of Telluride is the county seat and most populous town of San Miguel County in the southwestern portion of the U.S. state of Colorado. The town is a former silver mining camp on the San Miguel River in the western San Juan Mountains. The Telluride Historic District, which includes a significant portion of the town, is listed on the National Register of Historic Places and is also one of Colorado's 20 National Historic Landmarks. The town population was 2,221 at U.S. Census 2000. Telluride sits in a box canyon. Steep forested mountains and cliffs surround it. Bridal Veil Falls is at the head of the canyon. Numerous weathered ruins of old mining operations dot the hillsides. A free gondola connects the town with its companion town Mountain Village, Colorado at the base of the ski area. Telluride and the surrounding area have featured prominently in pop culture. The town of Telluride has served as the backdrop for several television commercials, is home to an international film festival, and has been the subject of songs such as "Smugglers Blues" by Glenn Frey, an essay by Edward Abbey, and songs by The Nitty Gritty Dirt Band, Kate Wolf, and Tim McGraw. Telluride is also known for its ski resort and slopes during the winter as well as an extensive festival schedule during the summer.