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.
Portageville is a hamlet located in the town of Genesee Falls in Wyoming County, Wyoming County, United States. Its name derives from the Native American canoists who would withdraw their craft from the river to avoid going over three waterfalls in the Genesee River gorge. They had to portage several miles to the site of present day Mount Morris where they could embark for the rest of the journey downriver. Portageville is the only named community in the town of Genesee Falls. The Genesee River Gorge with its scenic waterfalls was formed after the original valley was buried in glacial debris from the last ice age and the river had to cut a new valley though the Devonian sedimentary rock of the area. It has also been called The Grand Canyon of the East. The site has now been designated Letchworth State Park and is a major tourist attraction, with the upper entrance at Portage.