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.
Frazee is a city in Becker County, Minnesota, United States. It is the second most populous city in Becker County. The population was 1,377 at the 2000 census. Originally named Detroit and later Third Crossing before adopting its present name of Frazee, the plat of the old town site was made on May 27, 1857. With Becker County not formally organized until 1871, it was the earliest settlement in the area. The city was officially incorporated on January 6, 1891. It was named after R.L. Frazee, an early settler who moved his milling business from Ohio to the early settlement that today bears his name. Today it is best known as the home of "Big Tom: the World's Largest Turkey."