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.
Pontiac is an unincorporated community in southern Ozark County, Missouri about ten miles southwest of Gainesville. It is located on Bull Shoals Lake. The assumption is the town was named after the Indian chief, Pontiac. The town consists of a post office, two or three "resorts," a restaurant, a General Baptist church, and a boat dock/marina. Just across the Arkansas border is Price Place, which is physically separated from Arkansas by the waters of Bull Shoals Lake. Residents of Price Place bond with those of Pontiac to operate the volunteer fire department. Price Place also has a small church.