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.
Correctionville is a city in Woodbury County, Iowa, United States. It is part of the Sioux City, IA–NE–SD Metropolitan Statistical Area. The population was 851 at the 2000 census. The town name comes from the original survey of the town. The site lies on a surveyor's correction line, which adjusts for the convergence of the meridian lines. This keeps the section boundaries approximately 1 mile apart, making all sections approximately the same size (approximately 1 square mile). This correction line is aligned with 5th street through the downtown; there are no north/south streets extending straight past 5th street.