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.
Penn Yan is a village in Yates County, New York, USA. The population was 5,219 at the 2000 census. It is the county seat of Yates County. The name is an invention of the early settlers for their community. It is derived from the shortening of "Pennsylvania Yankee". It houses the Penn Yan Central School District. The Village of Penn Yan is primarily in the Town of Milo, but a small section is in the Town of Benton. A smaller section is in the Town of Jerusalem. Penn Yan Airport is south of the village. WYLF-AM 850 broadcasts from Penn Yan and provides local news and weathers, as well as "Timeless Favorites".