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.
Mountain is a city in Pembina County, North Dakota in the United States. The population was 133 at the 2000 census. Mountain was founded in 1884. The city is known for being the destination of many Icelandic immigrants, later known as Western Icelanders, who arrived until around 1914. Geir Haarde, the former prime minister of Iceland, traveled to Mountain in August 2007 to attend the Deuce of August celebration, which celebrates Iceland's journey to independence from Denmark. During his visit, town officials told Haarde about a goal to raise $1.3 million dollars for a new community center. The government of Iceland has since donated $75,000 towards the center.