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.
Lorimor is a city in Union County, Iowa, United States. The population was 427 at the 2000 census. Lorimor was founded by J.S. Lorimor who was given the honor of renaming the city, when the town grew after he gave land to the railroads as they traveled through town, in return for the railroad placing a water stop in the town. With the business from the Railroads, and his 2,000-acre (8.1 km) farm of bluegrass seed, the town was quite successful in its early years.