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.
Leonardsville is a hamlet on the Unadilla River in the Town of Brookfield in Madison County, New York, USA. The community started as a number of small factories deriving power from a dam on the Unadilla River during the first decade of the 1800s. These were known locally as the shops and included a scythe and hoe factory, a blacksmith shop, a grist mill, a saw mill, a horse rake factory and wagon shop, and a foundry and machine shop. As with many small communities, Leonardsville was given its name by the Post Office Department, which in this case named if after Reuben Leonard who, in the early years, ran a local grocery and dry goods business that became a convenient location to drop off mail for local residents. In 1856, the grist mill, saw mill and agricultural implement factory were destroyed by fire, but were rebuilt immediately. Soon after that, the shops were purchased by the Babcock family who operated them until the 1930s, employing at their peak over 100 workers. Until the 1950s, when the manufacturing shops closed, Leonardsville was a stop on the Unadilla Valley Railroad, had a milk station (now a recycling center) and a feed store. None of the manufacturing buildings remain, but the former Crandall Department Store still stands and is now the regionally-known Horned Dorset Restaurant. Leonardsville had its own kindergarten through 12th grade central school until 1969, when the district merged with Bridgewater and West Winfield, creating the Mount Markham Central School district. The building was one of the new district's elementary schools until 2001, but now is used for specialized educational programs.