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.
New Philadelphia is a city in Tuscarawas County, Ohio, United States, 71 miles south of Cleveland on the Tuscarawas River. It was first incorporated in 1808. Coal and clay are found in the vicinity. In the past, mining interests and the manufacturing of steel, canned goods, roofing tile, sewer pipe, bricks, vacuum cleaners, stovepipes, carriages, flour, brooms, and pressed, stamped, and enameled goods occupied the people. In 1900, 6,213 people lived here; in 1910 8,542; in 1920, 10,718; and in 1940, 12,328 people lived here. The population was 17,056 at the 2000 census. It is the county seat of Tuscarawas County.