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.
Twelve Mile is an unincorporated community in Adams Township, Cass County, Indiana. Its name is thought to come from its location that is approximately 12 miles from the cities of Logansport, Peru and Rochester, but this is just an old wise tale. The town was located on the twelve mile marker of the railroad that the town grew around. The eastern portion of the town was formerly known as Hen Peck; but as the two small towns grew they became one town that was referred to as Twelve Mile.