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.
Scandia is a city in Washington County, Minnesota, United States. The population was 3,692 at the 2000 census. Scandia is located 25 miles northeast of Saint Paul, Minnesota, and is part of the Twin Cities Metro Area. Scandia became a city on January 1, 2007, due to worries about being annexed by the city of Forest Lake, after many years as New Scandia Township. The city is serviced by a weekly newspaper, the Country Messenger, and, as evidenced by the town's name, has a rich Swedish heritage. Gammelgarden Museum, located in the city's Johnson Park, "since 1972 has preserved, presented, and promoted Swedish immigrant heritage and history", with events such as "Midsommarafton" and "Dalapalooza" --a reference to the Dalecarlian horses the city has erected to welcome visitors, similar to Saint Paul, Minnesota's use of the Peanuts characters. The city has an elementary school, an ice rink, a community center, and a small business park.