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.
Gray Summit is a census-designated place (CDP) in Franklin County, Missouri, United States. The population was 2,640 at the 2000 census. Also called Gray's Summit, it was founded by Daniel Gray of New York who built a hotel here in 1845. This community was the highest point on the Missouri Pacific Railroad between St. Louis, Missouri and Kansas City, Missouri; a railroad tunnel runs underneath the community. It is located on Interstate 44 and is home to Purina Farms and the Shaw Nature Reserve.