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.
Salamanca is a city in Cattaraugus County, New York, United States, located inside the Allegany Indian Reservation. The population was 6,097 at the 2000 census. The city is surrounded by the Town of Salamanca. The city of Salamanca is the only U.S. city that was built on land leased from an Indian reservation. The lease from the Senecas is in effect until 2030.