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.
Bay Springs is a city in Jasper County, Mississippi, United States. The population was 2,097 at the 2000 census. It is located at the intersection of state highways 15 and 18. The area was settled in the 1880s by Joe Blankenship, who built the saw mill that became the town's industrial base. The city was incorporated about twenty years later after the arrival of railroads going through it.