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.
Richfield Springs is a village located in the Town of Richfield, on the north-central border of Otsego County, New York. The population was 1,255 at the 2000 census. The name is derived from some local sulfur springs. The Village of Richfield Springs is in the northeast part of the town on US Route 20. Routes 22, 25, and 28 also converge on the community.