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.
Rosemount is a city in Dakota County, Minnesota, United States. The population was 14,619 at the 2000 census. Rosemount was established as a township in 1856 and incorporated as a city in 1972, encompassing the old village of Rosemount and Pine Bend. According to the city's website, there was some debate over whether to name the township Saratoga or Rosemount, with the latter finally being chosen to reflect the town's Irish heritage, and to remain in keeping with the name given to the post office a few years earlier. Rosemount is home to the Pine Bend Refinery, which is the largest oil refinery in Minnesota and the 14th-largest in the United States. Rosemount was also home to a military gunpowder plant in the 1940s called Gopher Ordnance Works.