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.
Parsons is a city in the northern part of Labette County, located in Southeast Kansas, in the Central United States. The population was 11,514 at the 2000 census, and it was estimated to be 11,237 in the year 2006. It is the most populous city of Labette County, and it is the second most populous city in the southeastern region of Kansas. On June 5, 2006 the National Trust for Historic Preservation named Parsons a 2006 Great American Main Street Award winner for its successful efforts in revitalizing its downtown area through historic preservation. The award was presented during the 2006 National Main Streets Conference in New Orleans. Parsons was one of only five cities receiving the 2006 award.