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.
Crookston is a city in the U.S. state of Minnesota. It is the county seat of Polk County. Its population was estimated at 7,790 in 2008. It is part of the "Grand Forks, ND-MN Metropolitan Statistical Area" or "Greater Grand Forks". Crookston is the episcopal see of the Roman Catholic Diocese of Crookston. Since Crookston is close to the larger city of Grand Forks, North Dakota, many people who live in Crookston commute to jobs in the Grand Forks area. KROX 1260 AM is Crookston's only local radio station. The local newspaper is the Crookston Daily Times.