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.
Summit is a town in Schoharie County, New York, United States. The population was 1,123 at the time of the 2000 census. The name is derived from a peak (Mt. Wharton) that was thought to be the highest elevation in the county. The Town of Summit is on the western border of the county and is northeast of Oneonta. The Lake View House – A 100 plus year old, allegedly haunted, Hotel, Restaurant and Pub located on Sawyer Hollow Road in Summit. The Lake View House, which closed in 2007 was the only venue in Schoharie County that featured "punk rock" and other out of the mainstream bands, such as skeletonbreath, Scary Crick, The Rubes, The Vader Mountain Boys, The Zydepunks, Mischief Brew, Trabant, Spidey and the Webs and more. It is home to sports legend Kelsea Suchocki who is a national champion in wrestling. It is also the site of the new Finnegan's Wake Music Festival, scheduled for July 28, 2007.