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.
Lake City is a city in Calhoun County, Iowa, United States, founded in 1856. The population was 1,787 at the 2000 census. The sign coming into town proudly proclaims that Lake City has "Everything but a Lake. " Dobson Pipe Organ Builders, which manufacturers and restores pipe organs, is located in Lake City.