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.
Britt is an unincorporated community in St. Louis County, Minnesota, United States. Britt was once a proper town with only a post office and a carpet store, has dissolved into a large community that spans an enormous area. It is generally considered the inhabited area north of the city of Virginia that starts at Highway 169 and goes west past Highway 53. However, Britt is now the unorganized township to the west centered around Highway 53 while the area near Highway 169 consists of Sandy and Wouri Townships. County Roads 65 and 68 are also in the vicinity. Britt is located within the Superior National Forest.