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.
Osakis is a city in Douglas and Todd counties in the U.S. state of Minnesota. The population was 1,567 at the 2000 census. Osakis was founded in 1857. The town takes its name from the beautiful lake on which the town is located.. The name Osakis is thought to mean place of the Sauk and commemorates a small group of Sauk Indians who lived near the lake in the early 19th century. The main part of Osakis is in Douglas County; only a small part of the city extends into Todd County. Osakis is situated on the southwest shore of Lake Osakis, on Minnesota State Highway 27. Osakis is about one mile from exit 114 of Interstate 94.