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.
Chanute is a city in Neosho County, Kansas, United States. Founded on January 1, 1873, it was named after railroad engineer and aviation pioneer Octave Chanute. The city's population was 9,411 at the 2000 census. Although Chanute is the largest city in Neosho County, it is not the county seat, the position held by Erie. According to KANSAS: A Cyclopedia of State History, Embracing Events, Institutions, Industries, Counties, Cities, Towns, Prominent Persons, Etc. , "In 1870 when the Leavenworth, Lawrence & Galveston R. R. (now the Atchison, Topeka & Santa Fe) crossed the Missouri, Kansas and Texas line within the limits of Neosho county four rival towns sprang up, in the vicinity of the junction. They were New Chicago, Chicago Junction, Alliance and Tioga. Two years of the most bitter animosity ensued until the four were consolidated in 1872, and the name of Chanute given it in honor of Octavius Chanute, a railroad civil engineer" .