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.
Scottsville is a village in southwestern Monroe County, New York, United States, and is in the northeastern part of the Town of Wheatland. The population was 2,128 at the 2000 census. The village is named after an early settler, Isaac Scott. Most Scottsvillians work in and around the city of Rochester, New York -- the village of Scottsville is located about a ten minute drive from the outer limits of the city.