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.
Diggins is a village in Webster County, Missouri, United States. The population was 298 at the 2000 census. It is part of the Springfield, Missouri Metropolitan Statistical Area. The small community, which once had two grocery stores, two gas stations, a feed mill and a bank until the Great Depression, is located halfway between Fordland and Seymour on U.S. 60. Diggins has its own water and sewer system for residents inside its city limits. Diggins is known best to the outside world as the hometown of Sam Walton, the founder of Wal-Mart. At the community's 100-year centennial celebration in 1987, Walton visited Diggins. Today, Diggins has a post office and a few businesses. The village's gathering place is the Diggins Community Building, a facility that also includes a park and playground. State highways O and NN meet U.S. 60 in Diggins, and the rural area surrounding the community has grown at a rapid rate over the past twenty years.