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.
Pontotoc is a city in Pontotoc County, Mississippi, United States. Pontotoc is west of the much larger city of Tupelo. The population was 5,253 at the 2000 census. It is the county seat of Pontotoc County. Pontotoc is a Chickasaw word meaning "Land of Hanging Grapes". The famous outlaws Jesse & Frank James and their notorious gang once hid at an old house which was used as a Union Army hospital during the Battle of Harrisburg or Battle of Tupelo. The house was located at a crossroad in east Pontotoc County, near the Lee County line. The Town Square Museum is located in the old US post office near the county courthouse. This historic building houses Pontotoc memorabilia and continues to operate as a full-service post office. A mural in the museum's lobby titled The Wedding of Ortez and SaOwana - Christmas 1540 depicts the first recorded Christian marriage on the North American continent. It was said to have occurred between Juan Ortez and Princess Saowana, daughter of Chief Uceta, of the Florida Seminole tribe. The wedding is said to have taken place in Pontotoc County during a visit by explorer Hernando de Soto. The mural was painted by Joseph Pollet in 1939 under the arts program of the Works Progress Administration (WPA).