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.
Udall is a city in Cowley County, Kansas, United States. The population was 794 at the 2000 census. On May 25, 1955, the deadliest tornado to ever hit the state of Kansas struck Udall at 10:35 p.m. The town was demolished. No building within the city limits was untouched, including the grain elevator and water tower. 77 people in Udall lost their lives and another 270 were injured. 192 buildings, including 170 homes were destroyed. Before striking Udall, there were no warnings issued by the Weather Bureau, so the towns residents figured that they had seen the worst of it. Unknown to them, the same tornado had just laid waste to the city of Blackwell, Oklahoma, across the border from Udall. 20 Oklahomans died and 250 were injured in Blackwell.