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.
Penn (also Lauren) is an unincorporated community in western Ramsey County, North Dakota, United States. It lies along U.S. Route 2 northwest of the city of Devils Lake, the county seat of Ramsey County. Its elevation is 1,467 feet (447 m). The community was first named Lauren for the townsite owner, Lauren, and was later renamed Penn for English stockholders. Although it is unincorporated, it has a post office, with the ZIP code of 58362.