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.
Chemung is a town in Chemung County, New York, USA. The population was 2,665 at the 2000 census. The town name is derived from the river flowing through it, which means in the native dialect, "Big Horn. " The Town of Chemung is in the southeast corner of the county and is southeast of Elmira, New York. It is part of the 'Elmira, New York Metropolitan Statistical Area'.