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.
Zap is a city in Mercer County, North Dakota in the United States. The population was 231 at the 2000 census. Zap was founded in 1913. The city was named by a railroad company official after the Ukrainian town of Zaporizhia which lies almost exactly on the same line of latitude. There is a story that it was named after the town of Zapp in Scotland however no such place exists. The new settlement also had a coal mine at its edge.