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.
Durant is a city in Cedar, Muscatine, and Scott counties in the U.S. state of Iowa. The population was 1,677 at the 2000 census. The community is named in honor of Thomas C. Durant, one of the pioneers of the Transcontinental Railroad and an individual who contributed the bulk of funds needed to build the town's first public school. The Scott County portion of Durant is part of the Davenport–Moline–Rock Island, IA-IL Metropolitan Statistical Area, while the Muscatine County portion of the city is part of the Muscatine Micropolitan Statistical Area.