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.
Hastings is a city in Dakota and Washington counties in the U.S. state of Minnesota, near the confluence of the Mississippi and St. Croix Rivers. The population was 18,204 at the 2000 census. It is the county seat of Dakota County. The bulk of Hastings is in Dakota County; only a small part of the city extends into Washington County. The city is named for the first elected governor of the state of Minnesota, Henry Hastings Sibley. The advantages of the location that led to Hastings' original growth are that it is well-drained, provides a good riverboat port, and is close to a hydropower resource at the falls of the Vermillion River. Sites closer to the river confluence are either too swampy (Dakota county) or too hilly (Washington county and Pierce County Wisconsin). U.S. Route 61 and Minnesota State Highways 55 and 316 are three of the main arterial routes in the city.