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.
Elyria is a city in the U.S. state of Ohio and the county seat of Lorain County. The municipality is located in northeastern Ohio at the forks of the Black River. As of the 2000 census, the city had a population of 55,953. The city is named for its founder, Heman Ely . The city is home to Lorain County Community College.