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.
Granite City is a city in Madison County, Illinois, United States, part of the Greater St. Louis metropolitan area. At the 2000 census, the population was 31,301, with a total of about 67,000 in the immediate area. Officially founded in 1896, Granite City was named by the Niedringhaus brothers who established it as a steel making company town for the manufacture of kitchen utensils made to look like granite. Granite City is often simply called "Granite."