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.
Gabriels is a hamlet in the Town of Brighton in Franklin County, New York inside the Adirondack Park near Paul Smiths, New York. It is the site of Camp Gabriels, a minimum security state prison. The site of Gamp Gabriels was originally built as The Gabriels Sanatorium. opened in 1897. The site was later purchased by Paul Smiths College. The site was sold to the Department of Corrections in 1982. Both the Sanatorium and the Hamlet were named for Catholic Bishop Henry Gabriels of Ogdensburg, New York. The hamlet grew up as the commercial center around a train depot serving the Adirondack Division of the New York Central line. The station existed primarily to deliver vacationers to the nearby resort at Paul Smiths, New York. In 1961, New York Central abandoned the Adirondack Division from Malone Junction to Gabriels. Today, the hamlet remains the commercial center for the town of Brighton, with a Post Office, small businesses, a Roman Catholic Church, and farms.