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.
Albion is a city in Cassia County, Idaho, United States. It is part of the Burley, Idaho Micropolitan Statistical Area. The population was 262 at the 2000 census. Albion was the county seat of Cassia County from 1879 to 1918. Albion is one of the few cities in the Magic Valley region of Idaho founded before 1900. Beginning in 1893 it was home of the Albion State Normal School, which trained many Idaho teachers. The school was closed in 1951 and its teaching programs were transferred to Idaho State College in Pocatello. By 2006 the campus had fallen into serious disrepair. D. L. Evans Bank was founded in Albion in 1904. Although the bank's headquarters is now located in Burley, it continues to operate a branch in Albion.