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.
Peekskill is a city in Westchester County, New York. It is situated on a bay along the east side of the Hudson River, across from Jones Point. This community was known to be an early American industrial center, primarily for its iron plow and stove products. The Binney & Smith Company, now makers of Crayola products, started as the Peekskill Chemical Company at Annsville in 1864. Peekskill's manufacturing base operated well into the late 1900s, with the Fleischmann Company making yeast by-products under the Standard Brands corporate name. The population is 22,441 according to the year 2000 census. The well-publicized Peekskill Riots of 1949, involving the Civil Rights Congress benefit concert of Paul Robeson, specifically occurred in the neighboring suburb Van Cortlandtville.