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.
Portal is a city in Burke County, North Dakota in the United States. The population was 131 at the 2000 census. Portal was founded in 1893. Portal sits near the Canadian border and is a major port of entry for road and rail traffic. North Portal, Saskatchewan is just over the border north of Portal. It is one of three 24-hour ports in North Dakota. The town is known for its "international" golf course. The ninth hole is partially in the United States and partially over the border in Canada.