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.
Roselawn is a census-designated place (CDP) in Newton and Jasper counties in the U.S. state of Indiana. The population was 3,933 at the 2000 census. Roselawn is known within northwestern Indiana for the two nudist resorts which operate in this town: the Ponderosa Sun Club and Sun Aura. Sun Aura resort was previously known as Naked City, but closed in 1986 after its operator, Dick Drost, encountered significant legal troubles. The resort continued to operate under several different owners and was known as Sunspot resort prior to becoming Sun Aura. The clubs are long-standing fixtures of the community, dating to the 1930s. Roselawn is also known as the location where the crash of American Eagle Flight 4184 occurred on October 31, 1994, killing all 64 passengers and 4 crew members aboard.