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.
Goodyear is a city in Maricopa County, Arizona, United States. According to 2006 Census Bureau estimates, the population of the city was 47,359. Goodyear was the third fastest-growing place among all cities and towns in Arizona of any size between 1990 and 2000. The Cleveland Indians of baseball's American League moved their spring training facility to Goodyear from Winter Haven, Florida and rejoined the Cactus League in February 2009, after a 15-year absence. Before that, the Indians held spring training for many years in Tuscon. On April 7, 2008, Goodyear's city council unanimously approved a memorandum to fund a new $33 million baseball spring training complex for Major League Baseball's Cincinnati Reds and Cleveland Indians. This includes a 10,000-seat park, Goodyear Ballpark. The Reds and the Indians will have separate offices, clubhouses and practice fields. The Indians, who had held their spring training in Tucson, Arizona for many years until moving to Winter Haven, Florida in 1993, agreed to return their spring training location back to Arizona on December 21, 2006. On June 6, 2008, Goodyear won the All-America City Award, sponsored by the National Civic League.