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.
Wallace is a historic city in the Panhandle region of the U.S. state of Idaho and the county seat of Shoshone County in the Silver Valley mining district. Wallace sits alongside the South Fork of the Coeur d'Alene River and the town's population was 960 at the 2000 census. Wallace is the principal town of the Coeur d'Alene silver-mining district, which produced more silver than any other mining district in the United States. Burke-Canyon Road runs through historic mining communities — many of them now deserted — north and eastward toward the Montana border. East of Wallace, the Route of the Hiawatha (rails-to-trails) and the Lookout Pass ski area are popular with locals and tourists. The elevation is 2728 feet (831 m) above sea level.