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.
New Castle is a city in Henry County, Indiana, 44 miles (71 km) east-northeast of Indianapolis, on the Big Blue River. In 1900, 3,406 people lived in the town; in 1910, 9,446; in 1920, 14,458; and in 1940, 16,620. The population was 17,780 at the 2000 census. The city is the county seat of Henry County. New Castle is home to New Castle Fieldhouse, the largest high school gymnasium in the world. The city is surrounded by a farming district. In the past, it was an industrial centre of some importance, where the leading manufactures included sheet iron and steel, automobiles, caskets, clothing, scales, bridges, pianos, furniture, handles, shovels, lathes, bricks, flour, etc. New Castle Correctional Facility, with a capacity of over 2,000 inmates, is located just north of the city.