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.
Sandpoint is a city in, and the county seat of, Bonner County, Idaho, United States. Its population was 6,835 at the 2000 census. Sandpoint's major industry is tourism and recreation, thanks to its proximity to scenic Lake Pend Oreille and Schweitzer Mountain Ski Resort. It is the headquarters of Coldwater Creek, a women's apparel retailer, Litehouse, a national salad dressing manufacturer, and the location of one of the largest film festivals in the Northwestern United States, the Lakedance International Film Festival. Sandpoint is on the International Selkirk Loop and two National Scenic Byways.