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.
Payette is a city in and the county seat of Payette County, Idaho, United States. The population was 7,054 at the 2000 census. It is part of the Ontario, OR–ID Micropolitan Statistical Area. Originally named Boomerang signifying a roundhouse on the railroad, the Oregon Shortline. The city changed its name for François Payette, a French-Canadian fur trapper and later the head the Fort Boise trading post for the British Hudson's Bay Company from 1835-44. A large merry man, he was highly regarded for his helpful assistance to the many travelers who came through the fort. After his retirement in 1844, Mr. Payette returned to Montreal, but the rest of his life is a mystery.