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.
Salina is a city in and the county seat of Saline County, Kansas, United States. First settled in 1856 along the Saline and Smoky Hill Rivers and founded by William A. Phillips in 1858, Salina is situated at the intersection of Interstate Highways I-70 and I-135 in central Kansas. The population was 45,679 at the 2000 census, and it was estimated to be 46,140 in the year 2006. Salina is the principal city of the Salina Micropolitan Statistical Area, which includes all of Saline and Ottawa counties.