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.
Three Mile Bay is a community located in Jefferson County, New York. The elevation there is 259 feet. It was settled between 1810 and 1820. Early resident Asa Wilcox built 48 brigs, propellers, schooners, and other seafaring vessels from 1835 to 1853. Some of these vessels like the A.E. Vickery, ultimately joined the more than 500 shipwrecked vessels now resting at the bottom of the St. Lawrence River and Lake Ontario.