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.
Mountain Iron is a city in St. Louis County, Minnesota, in the heart of the Mesabi Range. As of the 2000 census, the city population was 2,999. U.S. Highway 169 serves as a main arterial route in the city. Minntac is owned by the United States Steel Corporation (U.S. Steel). Mountain Iron is part of the Quad Cities of Virginia, Eveleth, and Gilbert.