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.
Welton is a city in Clinton County, Iowa, United States. The population was 159 at the 2000 census. The community is located adjacent to U.S. Route 61, which passes around Welton just to the east of the city. Prior to the rebuilding of the highway as a four lane highway, U.S. 61 went directly through the city. Following reconstruction of U.S. 61, a new truck stop was built adjacent to U.S. 61 near the southern edge of the city. On Wednesday, April 5, 2006 the 85-year-old Welton School was demolished. According to the Telegraph Herald newspaper, "the school was closed in 2005 because of budget problems and declining enrollment."